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3 days ago · Red Lobster took its classic promotion and made it permanent, with prices originally starting at $20. Thai Union later cited this as the main cause of its $11 million loss that quarter.
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3 days ago · Founded in 1968, Red Lobster grew to nearly 700 locations by 2019. But it failed to regain its footing after the pandemic. Between 2019 and 2023, U.S. sales fell 13% on net.
3 days ago · Red Lobster announced late Sunday it filed for bankruptcy, days after it began shuttering dozens of restaurants — after years of struggling with ownership turnover, plateauing sales and ...
2 days ago · Dozens of Red Lobster locations across the U.S. are now on the chopping block. Restaurant liquidator TAGeX Brands announced this week that it would be auctioning off the contents of over 50 Red Lobster locations that were closed as part of the seafood chain’s “footprint rationalization.”
4 days ago · BY Tracy Brown Hamilton 2 minute read. Beloved seafood chain Red Lobster has filed for Chapter 11 bankruptcy protection after news last week that it was closing almost 50 restaurant locations in ...
3 days ago · Red Lobster has filed for Chapter 11 bankruptcy, according to a statement released Sunday. The seafood chain's troubles include failed all-you-can-eat snow crab and shrimp promotions. Despite its ...
4 days ago · By the numbers: Red Lobster said its estimated liabilities were between $1 billion to $10 billion, per its bankruptcy filing. Catch up quick: Even before the filing in Florida, Red Lobster had to close dozens of locations and lay off hundreds of employees. The pandemic and inflation tied to rising food and labor costs compounded Red Lobster's ...
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