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Red Lobster Eyeing Chapter 11 Bankruptcy After "Endless Shrimp" Loss
Red Lobster restaurant is being seen at 5201 S Pulaski Rd in Chicago, Illinois, United States, on May 15, 2024. Red Lobster is considering Chapter 11 bankruptcy to recoup $11 million in losses from its endless shrimp promotion. Red Lobster's ''Ultimate Endless Shrimp'' promotion last year is being considered a limited-time offer, but it is bringing in an adequate number of new customers, so the chain is adding it to its permanent menu in June. Customers are gorging on it, and Red Lobster is reporting fourth-quarter 2023 losses of $12.5 million. (Photo by Kyle Mazza/NurPhoto)
Photo Details
| Photo ID | #11241960 |
|---|---|
| Date Taken | |
| Location | N/A |
| Photographer | Kyle Mazza/NurPhoto |
| Category | Crime, Law and Justice |
| Copyright | © 2026 NurPhoto - Kyle Mazza/NurPhoto |
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5201 S Pulaski Rd
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May 15
2024
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June
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$12.5 million losses
Kyle Mazza
NurPhoto
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Red Lobster chain
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