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  2. Endless shrimp contributed to an $11 million loss at Red ...

    www.aol.com/finance/endless-shrimp-contributed...

    Red Lobster’s Endless Shrimp promotion was a big part of the reason the chain reported an $11 million operating loss in the third quarter of last year. Now, as it gears up for Lobsterfest 2024 ...

  3. How a global seafood giant broke Red Lobster - AOL

    www.aol.com/finance/global-seafood-giant-broke...

    Red Lobster lost $11 million following the deal, its bankruptcy filing states. Endless shrimp was an embarrassment for Red Lobster, spoofed on Comedy Central’s “The Daily Show” and social media.

  4. Red Lobster to close at least 48 restaurants after ‘endless ...

    www.aol.com/red-lobster-close-least-48-012358162...

    The troubled Red Lobster restaurant chain is closing down at least 48 of its roughly 650 branches across the US, according to a restaurant liquidation company. Neal Sherman, the chief executive of ...

  5. How Red Lobster’s misguided endless shrimp promotion ... - AOL

    www.aol.com/red-lobster-misguided-endless-shrimp...

    The change cost Red Lobster $11 million. Red Lobster filed for bankruptcy Sunday, and the bankruptcy filing sheds new light on Thai Union’s role in the endless shrimp mishap. Red Lobster said it ...

  6. Red Lobster was nearly crippled by all-you-can-eat shrimp ...

    www.aol.com/red-lobster-offering-endless-lobster...

    Red Lobster is in trouble. Its solution: all-you-can-eat lobster, just months after an endless shrimp promotion led to deep losses that the company is still trying to dig out of. In celebration of ...

  7. Red Lobster - Wikipedia

    en.wikipedia.org/wiki/Red_Lobster

    Red Lobster Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.The company has operations across most of the United States (including Puerto Rico and Guam) and Canada, as well as in China, Ecuador, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.

  8. Red Lobster Is Heading For Bankruptcy After Losing $11M On ...

    www.aol.com/red-lobster-heading-bankruptcy...

    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 ...

  9. Red Lobster didn’t go bankrupt because of $20 Endless Shrimp ...

    www.aol.com/finance/red-lobster-didn-t-bankrupt...

    According to Red Lobster’s filing, “Endless Shrimp” was historically a limited-time promotion. However, former CEO Paul Kenny decided to add it as a permanent menu item in May 2023 despite ...

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