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Peoria’s Red Lobster – situated at 4625 N. Sterling Ave. – was among nearly two dozen locations named in the chain’s recent lease rejections. The location had been open since February 1990 ...
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 ...
Red Lobster’s new 35-year-old CEO is opening up about the restaurant chain’s all-you-can-eat shrimp fiasco which helped cost the business millions after it became all too popular with customers.
Former Red Lobster employees describe a toxic and demoralizing environment as Thai Union-appointed executives descended on headquarters and interim CEO Paul Kenny eventually took over the chain in ...
The sale/leaseback that helped sink Red Lobster involved the July 2014 sale of premium real estate underneath 500 of its stores, which generated $1.5 billion.
Red Lobster’s CEO is trying to refresh the 56-year-old casual dining chain with new menu items to appeal to millennials as the beleaguered chain looks to rebound from bankruptcy. “We want to ...
Part of that success, Adamolekun said, is the launch of a new menu on Nov. 11. Although the menu is 20% smaller, it features seven new items, including bacon-wrapped sea scallops, a lobster bisque ...
Red Lobster filed for chapter 11 bankruptcy on 20 May. For premium support please call: 800-290-4726 more ways to reach us