Red Lobster Is Hemorrhaging Millions Because of Endless Shrimp!

Red Lobster is in trouble. The seafood chain recently known for its endless shrimp special reported $11 million in losses in the third quarter, and its parent company Thai Union Group has announced it will sell its majority stake.

WSJ explains what went wrong with the fast casual dining business and looks at what could come next for Red Lobster.

Uploaded on May 15th, 2024
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