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Red Lobster Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.The company has operations across most of the United States (including Puerto Rico and Guam) and Canada, as well as in China, Ecuador, Hong Kong, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.
In the wake of the pandemic, Red Lobster looked to boost traffic to its restaurants by offering a $20 all-you-can-eat shrimp deal that the company hoped would serve as a loss-leader and bring in ...
RED LOBSTER'S ULTIMATE ENDLESS SHRIMP DEAL CONTRIBUTED TO 3RD-QUARTER OPERATING LOSS. Thai Union Group CFO Ludovic Garnier, whose firm was a leading financial backer of Red Lobster before it ...
The new CEO at seafood chain Red Lobster said an endless shrimp deal was a nail in the coffin for the brand, which filed for bankruptcy this week.. While restaurants for the crab, lobster and ...
Back in November 2023, Red Lobster faced an outsized demand for its low-cost “Ultimate Endless Shrimp” deal which ended up hurting the company’s profits. The chain then increased the price ...
Company will sell its assets to lenders. Red Lobster has filed for Chapter 11 bankruptcy. The struggling seafood chain, late Sunday, announced the filing as well as plans to sell its business to ...
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