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Cost-cutting, private equity and piles of shrimp: What really drove Red Lobster into bankruptcy
The Independent via Yahoo News· 3 minutes agoThe famous seafood chain lost $11m on a disastrous ‘endless shrimp’ deal. But bankruptcy documents...
Column: It wasn't just the endless shrimp — Red Lobster's corporate owners drove it into bankruptcy
LA Times via Yahoo Finance· 2 hours agoThe current management says it's "investigating the circumstances around these decisions." The...
Fired Red Lobster Employees Have Quite the Tales About the “Endless Shrimp” Debacle
Slate via Yahoo Finance· 1 day agoThat is bad news for Michael Durrant, a 23-year-old who told me he is “very broke” and recently...
Red Lobster is blaming its bankruptcy on top shareholder and its ex-CEO, saying an $11M...
Fortune via Yahoo Finance· 11 hours agoThe new CEO at seafood chain Red Lobster said an endless shrimp deal was a nail in the coffin for...
Red Lobster Owner Disputes ‘Endless Shrimp’ Deal Allegations
Bloomberg via Yahoo Finance· 3 hours ago(Bloomberg) -- The Thai seafood supplier that owns Red Lobster Management LLC disputed allegations...
How endless shrimp drove Red Lobster to bankruptcy - East Idaho News
EastIdahoNews.com· 1 day agoEndless shrimp was a successful annual limited-time offer for Red Lobster for 20 years. Red < ...
Three Oklahoma Red Lobster locations closed as part of bankruptcy filing
The Oklahoman via Yahoo Finance· 36 minutes ago"The support we’ve received from our lenders and vendors will help ensure that we can complete the sale process quickly and efficiently while remaining focused on our employees and guests.”
Red Lobster breaks silence following bankruptcy filing, restaurant closings
WGRZ-TV Buffalo· 3 hours agoThe Florida-based seafood chain, which won fans with inventions like popcorn shrimp and “endless”...
Red Lobster reviewers say Endless Shrimp isn’t the only reason for bankruptcy
Consumer Affairs· 9 hours agoWhile the chain’s “Endless Shrimp” promotion may have played a role in the company’s financial...
Red Lobster choked on its own shrimp supply
CNN Business via AOL· 12 hours agoRed Lobster’s bankruptcy report included a blow-by-blow account of its path toward financial ruin, and it was as juicy as a fresh crab leg dipped in...