Tag: dragon shrimp red lobster
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Red Lobster Faces Financial Strain and Potential Sale Due to Mounting Losses from Endless Shrimp Promotion
Red Lobster, once a beacon of casual dining and the largest seafood chain in the US, is now facing severe financial challenges. The company, founded in 1968, has seen its fortunes decline over the years, culminating in significant losses, investor dissatisfaction, and a decision to put the brand up for sale. A key factor in…