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.”

  • wolfkin@mastodon.social
    52·
    7 months ago

    @wreckedcarzz @cyborganism

    this is hilarious fellow millennial, because I just went to Red Lobster today and had a great time.

    Of course this was the first time I’ve been in 20+ years so it’s not like I’m a regular.