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FOUND: 5 - You Need To See This

Red Lobster is blaming its bankruptcy on top shareholder and its ex-CEO, saying an $11M all-you-can-eat-shrimp fiasco contributed to its demise

Former shareholder Thai Union had an "outsized influence on the company’s shrimp purchasing," Red Lobster's new CEO has alleged.

Fortune

Cost-cutting, private equity and piles of shrimp: What really drove Red Lobster into bankruptcy

The famous seafood chain lost $11m on a disastrous ‘endless shrimp’ deal. But bankruptcy documents and former employees suggest that was only a symptom of deeper problems

The Independent UK

Red Lobster's long-awaited bankruptcy has finally happened

Company will sell its assets to lenders.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Red Lobster files for bankruptcy days after closing dozens of restaurants

Red Lobster is filing for Chapter 11 bankruptcy protection shortly after closing some of its restaurants

The Independent UK

Take home a piece of the shrimp! Red Lobster equipment goes on sale in ‘largest restaurant auction in history’

The abrupt closures of the chain come after endless shrimp deal cost the chain millions

The Independent UK

Red Lobster announces abrupt closures

"Furniture, fixtures and equipment from select Red Lobster locations" are starting to be auctioned off online

Salon

Red Lobster 'Bankruptcy' Scare: CFO Blames Unlimited Shrimp Deal, Pricey Labour and Leases

Red Lobster's $20 all-you-can-eat shrimp deal backfired, leading to bankruptcy talks after record losses.

International Business Times UK

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Why "Abbott" star felt at home on set

The actor and comedian talks about perfecting a Philly accent, being in a cast of alpha women and where to get prop

Salon

Here's how to make scallops at home

You don't always have to spend hundreds at a fancy place for scallops. Here's how to make them at home

Salon

Red Lobster's shrimp deal too popular

The longstanding deal invited customers to enjoy all the shrimp they craved for just $20

Salon

Why Gen Z loves chain restaurant merch

Who wants a KFC bucket hat or a Panera purse? They do

Salon

Red Lobster will start serving ‘endless shrimp’ every day

Red Lobster revealed Monday its “Ultimate Endless Shrimp” promotion is now “here to stay,” following earlier comments from a major shareholder that the seafood chain needed to create a new menu with more value for customers.

Orlando Sentinel

Thai Union sees sales picking up

Thai Union Group (TU), one of the world’s largest seafood processors, says it is seeing signs of a sales recovery after a first-quarter dip.

Bangkok Post

Canned-tuna giant Thai Union may exit Red Lobster chain

Thai Union Group Public Company Limited, one of the world’s biggest makers of canned tuna, is considering an exit from its loss-making Red Lobster unit less than three years after boosting its stake in the United States restaurant chain.

Bangkok Post

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Orlando Sentinel

Now you can catch Red Lobster seafood at grocery stores

Shoppers can check out the latest thing from Red Lobster in the grocery aisles of Walmart.

Bangkok Post

Thai Union to go ahead with B6bn investment

Thai Union Group Plc, a global leading seafood company, has repledged its intention to invest 6 billion baht to expand its business over the coming year, despite the ongoing global economic challenges, including runaway inflation and rising interest rates.

Bangkok Post

Red Lobster arrives in Bangkok

For the first time in Thailand, Red Lobster, a popular US restaurant chain, is welcoming seafood lovers into its brand-new Bangkok outpost.

Orlando Sentinel

Red Lobster offers ‘endless shrimp’ amid its recent woes

Red Lobster is offering customers plate after plate of “endless” shrimp scampi, lightly fried shrimp and shrimp linguini alfredo at a time when the seafood chain might need a boost in business.

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news in one place.

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The Independent UK

Kim Kardashian learned she passed ‘baby bar’ law exam at Red Lobster

Kardashian passed exam in December 2021 after previously failing three times

Tribune News Service

Travel for Two: Restaurateurs start with tiny 'Green Frog,' find a bigger pond in Red Lobster

At some time or another, you’ve probably been on a date at Red Lobster. Maybe it was your first date long ago or your last one over the weekend. Red Lobster can be romantic. The presentation is always nice, the seafood delectable, and those scrumptious signature biscuits glisten with butter…

Benzinga

Stock Wars: Darden Restaurants Vs. Dave & Buster's

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

Orlando Sentinel

‘Very, very, very bad’: Red Lobster CEO Kelli Valade resigns after only 8 months

Red Lobster CEO Kelli Valade is resigning after just eight months at the helm of the Orlando-based seafood chain, a quick departure that one industry analyst called “very, very, very bad.”

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