It may be the end of the line for the seafood chain Red Lobster, per Bloomberg. The restaurant is mulling bankruptcy and has sought legal advice, Bloomberg reported. Red Lobster saw an operating loss of $11 million in the third quarter of 2023 and $12.5 million in the fourth quarter. Seafood chain Red Lobster is […]
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Red Lobster was nearly crippled by all-you-can-eat shrimp. Now it’s trying endless lobster
Red Lobster is in trouble. Its solution: all-you-can-eat lobster, just months after an endless shrimp promotion led to deep losses that the company is still trying to dig out of. In celebration of its annual Lobsterfest, Red Lobster is giving 150 winners an “Endless Lobster Experience,” a two-hour complimentary feast of unlimited lobster, two sides […]