Red Lobster To Close At Least 48 Restaurants After ‘endless Shrimp’ Debacle

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Mon, 05/13/2024 - 6:23pm

Red Lobster to close at least 48 restaurants after ‘endless shrimp’ debacle

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BING NEWS:

No, Red Lobster's 'endless shrimp' deal is not the main reason the chain went bankrupt
While the restaurant chain did lose money on its permanent endless shrimp deal, it lost much more money due to other factors such as high rent costs and low sales.
05/24/2024 - 6:08 am | View Link
It wasn't the endless shrimp that doomed Red Lobster. How private equity pinched the seafood chain.
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. Now the restaurants can't pay the rent.
05/24/2024 - 5:00 am | View Link
Red Lobster has message for fans after bankruptcy filing
Despite its bankruptcy filing, Red Lobster wrote a letter to its fans with a clear message about the future: it’s not going anywhere.
05/22/2024 - 3:01 am | View Link
It wasn't just the endless shrimp: Red Lobster's troubles detailed in bankruptcy filing
Red Lobster is closing locations and filed for bankruptcy. Court documents detail woes including debt, a lack of liquid funds and a drop in diners.
05/21/2024 - 10:27 pm | View Link
Column: It wasn’t just the endless shrimp — Red Lobster’s corporate owners drove it into bankruptcy
Red Lobster's private equity owners saddled it with overpriced leases and overpriced shrimp, then blamed customers for its problems.
05/21/2024 - 9:31 am | View Link
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