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Red Lobster didn’t go bankrupt because of $20 Endless Shrimp alone — 2 factors that helped sink the seafood chain. Jing Pan. May 25, 2024 at 7:40 AM. ... (it's 100% free)
The pandemic and labor costs aren't the only culprit of Red Lobster's declining profits. Those all-you-can-eat promotions have also caused a toll. Its $20 Ultimate Endless Shrimp deal cost the ...
If you are sitting in a Red Lobster restaurant, rest easy because back in the kitchen, batches of cheddar biscuits are being made fresh, every 15 minutes, all day long!
For the past decade amidst ownership changes, Red Lobster has taken on debt and entered into a number of long-term leases across its 700-plus locations, which have weighed on its balance sheet.
UPDATE: May 21, 2024. Editor's note: On May 19, Red Lobster confirmed it has filed for Chapter 11 bankruptcy. Nearly 580 of its restaurants will remain open through the restructuring process. In a ...
May 20, 2024 at 9:48 AM. Red Lobster has filed for voluntary Chapter 11 bankruptcy in Florida, the company confirmed in a statement late Sunday night — but it intends to keep its locations open ...
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