Red Lobster Is Considering Bankruptcy Partly Due to $11 Million Loss from Endless Shrimp Deal: Report
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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 just the endless shrimp: Red Lobster's troubles detailed in bankruptcy filing
Red Lobster's Chapter 11 bankruptcy filing and the closing of multiple locations of the Florida-based chain are the culmination of massive debt, a carousel of CEOs, an all-you-can-eat shrimp ...
05/22/2024 - 8:45 am | View Link - Red Lobster probes "endless shrimp" losses after bankruptcy filing
Red Lobster, which filed for Chapter 11 bankruptcy in Florida on Sunday night, is investigating the role its majority owner Thai Union played in the restaurant chain's "endless shrimp" promotion that ...
05/20/2024 - 10:22 am | View Link - Red Lobster files for bankruptcy after missteps including all-you-can-eat shrimp
The seafood chain is in hot water after a series of bad choices by a parade of executives. Almost 580 restaurants will stay open, after dozens closed abruptly last week.
05/20/2024 - 5:40 am | View Link - How Red Lobster’s Popular 'Endless Shrimp' Deal Could Lead to the Restaurant's Bankruptcy
A cost-effective seafood deal has proven to be part of Red Lobster's financial undoing, as the chain has announced it is closing 99 restaurants in at least 27 states. Executives say its popular ...
05/16/2024 - 5:05 am | View Link - More
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