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Bubba Gump Shrimp Co. Is Buying Joe’s Crab Shack For $55 Million

Photo: Tobias Kleinlercher/Wikimedia Commons

Bubba Gump is welcoming another seafood chain into its family of restaurants.

Landry’s Inc., the parent company that already owns well-known eateries like Bubba Gump and Rainforest Cafe, has reportedly won a bankruptcy auction to take ownership of Ignite Restaurant Group, the parent company of Joe’s Crab Shack, according to Nation’s Restaurant News. Landry’s CEO Tilman Fertitta informed the news site himself of the deal.

Joe’s, who filed for bankruptcy a couple of months ago under a $50 million deal with Kelly Investment Group, was snapped up in an auction bid for $55 million in U.S. bankruptcy court by Landry’s. Nobody else bid on the company since then, giving Landry’s sole ownership by the time the auction ended. For the deal to finalize, a federal judge in Houston must approve it in court next Friday.

Landry’s will also pick up Ignite’s other business, Brick House, but plans to sell it off as soon as possible. They will instead focus on revamping Joe’s Crab Shack and “bringing it back to what it once was before,” according to Fertitta. That means that some more locations may close, with Fertitta expecting to end up with about 60 units. Only 75 of the 112 open when Joe’s filed for bankruptcy are still operating.

For now, we’re leaving it to Bubba to revive and save this bankrupt crab restaurant. Hopefully, everything goes well.

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News Restaurants

Joe’s Crab Shack Files For Bankruptcy, Assets To Be Sold Off

Sad news for seafood lovers, Joe’s Crab Shack is reportedly filing for bankruptcy reports Consumerist.

Ignite Restaurant Group announced in a press statement that it is agreeing with Kelly Companies to sell Joe’s Crab Shack and Brick House Tavern + Tap Brands.

All of Ignite’s subsidiaries, Joe’s Crab Shack included, filed voluntary petitions for reorganization under Chapter 11. This means that Joe’s will have 60 to 90 days to sell their assets.

A silver lining for Joe’s Crab Shack fans during this troublesome time, all 112 locations of Joe’s Crab Shack will remain open during the sales process. In this period, the seafood restaurant chain will still accept gift cards and coupons. If you’ve got em, make sure to spend them as soon as possible.

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Restaurants

Joe’s Crab Shack Had A Lynching Photo In Their Restaurant And Someone Finally Caught It

Joes-Crab-Shack-Hang

Joe’s Crab Shack is facing some major heat after a picture at one of their restaurants went viral. Two diners, Tyrone Williams and Chauntyll Allen, were at a Minneapolis location of the seafood chain when they were seated at a table with a picture of a public execution embedded into the surface.

Titled Hanging at Groesbeck, the image shows a black man about to be hanged in Texas in 1895. The soon-to-be-executed man says in a speech bubble:

All I said was “I didn’t like the gumbo.”

Williams posted the photo on his Facebook and it quickly garnered attention. While the manager apologized to the two over the use of the image, Allen said they were shocked that something like that could be used so casually.

The president of the Minneapolis NAACP chapter, Nekima Levy-Pounds, demanded that the restaurant take down the image immediately and apologize to the public.

Joe’s has since responded to the incident with this statement:

We take the matter regarding the photo used in the Roseville, MN location very seriously. The offensive photo was immediately removed from the restaurant. We apologize for the incident and look forward to continuing to serve the Roseville community.

Needless to say, Joe’s will have some major damage control to deal with.

Photo: Facebook

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Restaurants

Winter Means Lobster Pot Pie and Crab-Stuffed Lobster at Joe’s Crab Shack

joe's crab shack lobster and shrimp pot pie

I hope you’re hungry. You know why? So you can go through the same agonizing hunger pangs as I am. Although, it’s probably my fault for deciding to write about Joe’s Crab Shack‘s winter menu after only consuming a protein shake and a handful of turkey jerky. Joe’s new items most notably include a Lobster and Shrimp Pot Pie (pictured above) and a Crab-Stuffed Lobster (pictured immediately below, far right).

lobster spaghetti crab stuffed lobster joe's crab shack

As a side note, I’m not sure I understand the science behind stuffing a lobster with crab, but anything that combines both top-tier shellfish together has my complete approval. BUT LET ME BE CLEAR, if any delicious lobster meat is sacrificed to make room for the obviously lesser crab meat, this would be an immeasurable food travesty.

Other Winter Menu items include the Lobster Daddy Feast (Snow Crab, Lobster, Potatoes & Corn), Oysters Rockefeller and Lobster Spaghetti (commonly referred to as “bisquetti” in our office). Joe’s also features new cocktails including the Jack Honey Palmer, Maker’s Strawberry Martini and the “New Fashioned” with Hennessy VS. The new menu items are available at all 130+ locations through January 27.

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News

Joe's Crab Shack: Coastal Steampots

Joe’s Crab Shack is kicking off the summer with an expansion of its Steampot offerings. The restaurant chain has added two new Steampots to its line, the Long Islander, which includes mussels, clams, shrimp, sausage, corn and potatoes; and the Old Bay which includes Alaskan snow crab, clams, corn, potatoes, and Old Bay spiced sausage. The pots will run you anywhere from $17.99 to $34.99 depending on location and selection. Also introduced was a Crab Cake Chipotle Caesar Salad, and added new flavors to its Crab in a Bucket selections with the availability of Fire-grilled and Smoked Chile variations. (Thx NRN)