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.”

  • Malle_Yeno@pawb.socialEnglish
    14·
    7 months ago

    I live in Saskatchewan, which is as land locked as it gets in Canada. And for some reason, my city has a Red Lobster. I don’t think I’ve heard anyone talk about going to it because who would expect a seafood restaurant all the way out here to be good? I have no clue how they’re making enough money to operate.

    (Also, nice pfp! 🐾 )

    • Wrench@lemmy.worldEnglish
      223·
      7 months ago

      Everything in red lobster is frozen anyway.

      But then again, all fish is frozen before being served to kill parasites. Even the most delicious sushi will be flash frozen first. I’ve had high end raw fish in Las Vegas, a literal dessert.

      That said, yeah, Red Lobster isn’t going to be top notch on the coast, let alone butt fuck nowhere.