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In 2023, Red Lobster was further knocked off balance by its $20 endless shrimp offer that became much more popular with customers than anticipated. The all-you-can-eat menu option was previously a ...
Red Lobster didn’t go bankrupt because of $20 Endless Shrimp alone — 2 factors that helped sink the seafood chain ... the company reports its lease obligations totaled $190.5 million ...
Red Lobster, a popular seafood restaurant chain, has reportedly been considering filing for Chapter 11 bankruptcy, according to a report from Bloomberg. This has spurred rumors of mass closures ...
Red Lobster, a popular seafood restaurant chain, has reportedly been considering filing for Chapter 11 bankruptcy, according to a report from Bloomberg. That has spurred rumors of mass closures ...
Red Lobster is coming back with one very important addition to the menu. Earlier this year, the fast-casual seafood chain had to file for Chapter 11 bankruptcy after an endless shrimp deal proved ...
Red Lobster fans on social media have reacted to the news of its closing locations on X by sharing pictures of printed notes informing patrons that spots are closing, making endless shrimp-related ...
Red Lobster said Thursday that it expects to operate about 544 locations across the U.S. and Canada upon emerging from bankruptcy. That's down from 578 disclosed as of May's bankruptcy filing.
The 56-year-old company announced filing for Chapter 11 bankruptcy last month after a series of financial hurdles, from rising labor costs to all-you-can-eat promotions that backfired.
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