Red Lobster Is Considering Bankruptcy Partly Due to $11 Million Loss from Endless Shrimp Deal: Report

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  • Off the Menu: Did ‘endless shrimp’ really lead to Red Lobster’s bankruptcy?
    Guest counts and revenue had been declining since before the pandemic; in fiscal year 2023, the chain’s net loss exceeded $76 million.
    05/27/2024 - 5:51 am | View Link
  • 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
  • ‘WINNER TAKES ALL’: You can buy the contents of an entire Red Lobster for the low
    According to TageX, these auctions aren’t piecemeal affairs either. Red Lobster locations will be sold off wholesale under a “winner takes all” auction. This means each auction winner will receive the ...
    05/15/2024 - 3:00 pm | View Link
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