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.”

  • Ultragigagigantic@lemmy.worldEnglish
    331·
    7 months ago

    Every time I went to get a “All you can eat” deal from places that weren’t normally a buffet you would have to wait for a waiter to bring you more and the waiter hates the extra trips to the table and/or the owner tells their employees to drag their feet bringing more and makes the amount they bring miniscule. Just an awful experience the couple times I tried.

    I don’t go out to eat except for a Asian buffet a couple times a year. I’d rather eat cheetos in the basement.

    Sorry mcdonalds and taco bell, your shit was barely worth it when it was cheap. Insane prices coming out of the fast food industry these days.

    I own a oven and can buy frozen pizzas, get fucked.