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This is certainly just desserts. And the moral of this
story is that if you serve really, really, bad food, have
a waitstaff that is total inattentive to customers and
charge ridiculously high prices - it doesn't matter if you
park your restaurant in priciest and most famous addresses
available, get big name Hollywood actors to invest and fill
your shop with cheap Hollywood trinkets... you'll still end up
in Chapter 11.
And that is exactly what happened. Planet Hollywood filed for Chapter 11
yesterday and it is about time. I've had the misfortune to have twice eaten in
one (under protest both times)- and both experiences were memorable - in a very
bad way. I felt total ripped off both times and vowed not only to never set
foot in a Planet Hollywood again, but to immediately lower my opinion of any
moron dumb enough to buy and then parade around in one of those totally
over-priced Planet Hollywood T-shirts.
But it seems I'm not the only one that despised this form of capitalism and
tourists (especially those stupid American ones) finally seemed to figure out
that Planet Hollywood is a total fraud and the absolute last place you'd want to
visit on your holiday. Maybe the new ownership that will result from this
re-organization will construct a business plan that doesn't assume you can cheat
people and still have repeat business. I kinda doubt it... which is OK. I find
them an eyesore wherever the appear and hope that they just disappear oneday.
If you like reading financial news...
Check it out yourself
xandria@pigdog.org
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