Red Lobster brought seafood to the masses. Now it's on the verge of bankruptcy
Red Lobster, the poster child for American seafood, was dragged down by corporate mismanagement, competition and consumer shifts.
Source: cnn.com
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Red Lobster, the poster child for American seafood, was dragged down by corporate mismanagement, competition and consumer shifts.
In 2003, Red Lobster ran an "Endless Crab" promotion. The all-you-can-eat deal backfired spectacularly.
Red Lobster is now reportedly considering filing for bankruptcy protection to restructure its debt and shed some of its 650 US locations.
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