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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 ...
After shuttering more than 100 locations across the country and filing for Chapter 11 bankruptcy protection in May, Red Lobster has hired a new CEO to help revitalize the popular seafood ...
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.
Red Lobster’s new CEO knows he has a lot on his plate. The 56-year-old restaurant chain has been rocked by closures to multiple stores and a bankruptcy filing, but Damola Adamolekun is ready to ...
This sign was in the door Monday (May 13, 2024) at the Red Lobster at 10010 U.S. 441 in Leesburg.
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One of the major blunders made by Red Lobster was its $20 endless shrimp promotion. While the deal made quite the splash with customers, the company suffered millions in operating losses.
Despite raising the initial price from $20, to $22 and to $25 across 2023, the popularity of the item and lack of new traffic factored directly into an $11 million operating loss for Red Lobster ...