Are nostalgia, a new chief executive and seafood boil bags enough to save the seafood chain after more than 60 years?
Category: Red Lobster Restaurants
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Red Lobster, an American Seafood Institution, Files for Bankruptcy
Facing challenges since the start of the pandemic, the seafood chain said it would reduce its locations and sell of most of its assets.
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Red Lobster Temporarily Closes Dozens of Restaurants
The seafood chain has been losing money for years. The liquidator behind the auction said more than 50 of its U.S. locations had closed.
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Red Lobster’s Popular Endless Shrimp Deal Ate Into Its Profits
The all-you-can-eat deal contributed to an $11 million quarterly operating loss.