Search results
1 day ago · Red Lobster is blaming its bankruptcy on top shareholder and its ex-CEO, saying an $11M all-you-can-eat-shrimp fiasco contributed to its demise. BY Eleanor Pringle. May 21, 2024, 4:24 AM PDT. Red ...
2 days ago · Updated on. May 20, 2024 at 6:11 AM PDT. Listen. 2:44. Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp ...
Nov 29, 2023 · The Ultimate Endless Shrimp deal has been so popular that it helped cause a drop in third-quarter profit for the restaurant chain, which had to raise the price to $25 from $20.
2 days ago · A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Red Lobster has filed for Chapter 11 bankruptcy protection, continuing the process to ...
1 day ago · Red Lobster closes dozens of locations across the US just months after ‘endless shrimp’ losses. FILE - A Red Lobster restaurant is shown Sept.13, 2016, in North Miami, Fla. It was announced the week of May 13, 2024, that dozens of Red Lobster locations across the U.S. are now on the chopping block. (AP Photo/Wilfredo Lee, File)
Apr 18, 2024 · Red Lobster is in hot financial waters, attempting to stay afloat by eyeing Chapter 11 bankruptcy to restructure its debts after an endless shrimp promotion sank the seafood restaurant chain's bottom line, Bloomberg reported this week.
May 3, 2024 · Last summer, Red Lobster turned $20 endless shrimp into a permanent item on the menu, instead of a traditional limited-time offer. The deal was once again too popular, and Red Lobster was...
