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Red Lobster restaurant sign and exterior. Reports in April that Red Lobster was contemplating bankruptcy devastated fans of the seafood restaurant. Now, dozens of the chain's locations are ...
Red Lobster reported a loss of $11 million in the third quarter of 2023, primarily due to an “Ultimate Endless Shrimp” promotion it offered last summer, in which customers would pay $20 for ...
The ubiquitous seafood chain still operates more than 540 locations, while another 97 are now listed as “temporarily” closed, according to its website.
The limited-time promotional deal, in which guests picked two types of shrimp to enjoy nonstop for $20, landed a permanent spot on Red Lobster menus in June. Red Lobster's parent company, Thai ...
Red Lobster Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.The company has operations across most of the United States (including Puerto Rico and Guam) and Canada, as well as in China, Ecuador, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.
On May 12, 2014, Darden announced that as part of the spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. [27] On May 16, 2014, Darden announced that it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. [28]
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