Build Date: Sun Apr 19 07:20:06 2026 UTC
If you want a stable environment, you're already dead. And boring, to boot.
-- Mr. Bad
Planet Hollywood Collides with the Asteroid of Reality
1999-08-18 13:15:48
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...
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