Bankruptcy Woes: Red Lobster’s Endless Shrimp Promotion Backfires
Orlando, Florida – Red Lobster, a popular seafood chain known for its “endless shrimp” promotion, has filed for bankruptcy amidst financial losses. The restaurant closures have left patrons and employees alike wondering about the future of the beloved establishment. The bankruptcy filing comes after Red Lobster faced challenges in sustaining its “endless shrimp” promotion, which ultimately led to a decline in profits. The chain’s attempt to attract more customers with unlimited shrimp resulted in unforeseen …