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Red Lobster, the poster child for American seafood, was dragged down by corporate mismanagement, competition and consumer shifts. ... It caused a cascade of problems as customers sat at tables for ...
The mass closures are another sign of problems at Red Lobster and one of the only times in its more than 50-year history the chain has closed dozens of stores at once.
The troubled Red Lobster restaurant chain is closing down at least 48 of its roughly 650 branches across the US, according to a restaurant liquidation company. Neal Sherman, the chief executive of ...
In June, Red Lobster announced that its “Ultimate Endless Shrimp” deal would become a permanent menu item. Despite raising the initial price from $20, to $22 and to $25 across 2023, the ...
For the first nine months of 2023, the Thailand company reported a $19 million share of loss from Red Lobster. And then there's been the problem of endless shrimp. Last year, Red Lobster ...
After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster says it will soon exit from Chapter 11 bankruptcy protection. A U.S. bankruptcy judge on ...
Red Lobster will not be bringing back one fan-favorite food deal anytime soon.. In early 2024, the family-style seafood chain closed a handful of its restaurants across the country as serious ...
His first major step towards rescuing Red Lobster is to eliminate one of its most iconic menu items: $20 endless shrimp, which was first launched in 2004. The company lost an estimated $20 million ...