Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp
Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp
abcnews.go.com Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp
Red Lobster has a new CEO and is focused on possible restructuring through Chapter 11 bankruptcy, according to Bloomberg.
"Last year, Red Lobster reported $11 million in operating losses following its flubbed 'Ultimate Endless Shrimp' deal, which backfired when it reeled in too many customers after the limited-time promo became a permanent menu fixture last June. The restaurant chain later reported $12.5 million in losses in the fourth quarter of 2023."
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Did they learn nothing from The Simpsons?
Man. They always do everything first.
Yep Simpsons already did it https://youtu.be/PHr-C-qIfRU
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