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.”

  • NoIWontPickAName@kbin.earth
    1·
    7 months ago

    You just come off very snobbish in that comment.

    Yes, obviously fresh food is best, but not everyone can have that.

    Maybe it’s just me

    • weariedfae@lemmy.worldEnglish
      1·
      7 months ago

      Sorry? I was just joking around about shrimpfest.

      Edit: removed irrelevant personal story