Say it isn’t so!
You might call it anendless kind of loveand that turns out to be a problem for Red Lobster.
The fast-casual seafood chain is reportedly eyeing Chapter 11 bankruptcy after an endless shrimp deal proved way too popular.
Credit:Photo by Justin Sullivan/Getty Images
While the offer did lure in more customers, the restaurant wasn’t making enough money on the deal.
“So we wanted to boost our traffic, and it didn’t work.”
Now, according toBloomberg, the restaurant is considering filing for Chapter 11.
According to Restaurant Business, the restaurant is eyeing overall losses of around $20 million.
Dont worry that Red Lobster is closing just yet, though.
