Red Lobster Faces Financial Woes After Endless Shrimp Indulgence
In a surprising turn of events, Red Lobster, renowned for its fast-casual seafood dining, finds itself grappling with a whopping $11 million loss due to its ambitious “endless shrimp” promotion. The catastrophe unfolded during an earnings call in November with Ludovic Regis Henri Garnier, the CFO of Thai Union Group, a major stakeholder in Red … Read more