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Showing Original Post only (View all)'Endless Shrimp' deal costs Red Lobster millions, brings it to the brink of bankruptcy [View all]
Report: Red Lobster Is Considering Bankruptcy
'Endless Shrimp' deal cost company millions
Cue the "hot water" jokes: Red Lobster is reportedly considering a bankruptcy filing after years of losses, including an $11 million third-quarter loss in 2023 that was blamed on an overenthusiastic response to the chain's expansion of its "Endless Shrimp" deal. Bloomberg, citing "people with knowledge of the matter," reports that the chain is exploring a possible Chapter 11 filing that would allow it to keep operating while it restructures its debt, renegotiates leases, and ditches long-term contracts.
https://www.newser.com/story/349184/report-red-lobster-is-considering-bankruptcy.html
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'Endless Shrimp' deal costs Red Lobster millions, brings it to the brink of bankruptcy [View all]
BlueWaveNeverEnd
Apr 17
OP
The one by me used to make you wait 20 mins per reorder, give you ten and a pile of fries. Makes folks give up.
TheBlackAdder
Apr 17
#4
That was my experience- tiny servings and endlessly waiting for server to bring a few more
wishstar
Apr 18
#16
Offering discount "endless shrimp" to a nation of Homer Simpsons. Pretty damn stupid
flvegan
Apr 18
#10
Well I guess that's one way to say "private equity firm" in a way that blames consumers
WhiskeyGrinder
Apr 18
#17
Endless shrimp. Yeah, right. I run away from deals like this. The restaurants are jammed full, way too many
SWBTATTReg
Apr 18
#20