Red Lobster Eyeing Chapter 11 Bankruptcy After "Endless Shrimp" Loss

Red Lobster Eyeing Chapter 11 Bankruptcy After "Endless Shrimp" Loss

The signage of Red Lobster is being seen at 5201 S Pulaski Rd in Chicago, Illinois, United States, on May 15, 2024. Red Lobster is considering Chapter 11 bankruptcy to recoup $11 million in losses from its endless shrimp promotion. Red Lobster's ''Ultimate Endless Shrimp'' promotion last year is being considered a limited-time offer, but it is bringing in an adequate number of new customers, leading the chain to add it to its permanent menu in June. Customers are gorging on it, and Red Lobster is reporting fourth-quarter 2023 losses of $12.5 million. (Photo by Kyle Mazza/NurPhoto)

  • Product Code
  • ILEA002698402
  • Registered date
  • 2024/5/15 00:00:00
  • Credit
  • NurPhoto / Kyodo News Images
  • Media source
  • Kyle Mazza/NurPhoto
  • Media size
  • 6016 × 4016 pixel
  • Resolution
  • 300 dpi
  • Deployment size
  • 4.01(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

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