I used to recommend Red Lobster as a great place to work, not anymore. The company is clearly either going under or going to be sold again. Oh and better be careful how many lemons you give out... those cost $.22. Do yourself a favor and find literally any other restaurant to work...
Red Lobster's owner, Thai Union, first invested in Red Lobster in 2016 and upped its stake in 2020. In January, the company announced plans tosellits minority stake. CEO Thiraphong Chansiri said the pandemic, higher interest rates, rising material and labor costs have all played a role in...
Earlier this year, Red Lobster co-owner Thai Union Group, one of the world’s largest seafood suppliers, announced its intention to exit its minority investment in the dining chain. Thai Union first invested in Red Lobster in 2016 and upped its stake in 2020. At the time of the January ...
Earlier this year, Red Lobster co-owner Thai Union Group, one of the world’s largest seafood suppliers, announced its intention to exit its minority investment in the dining chain. Thai Union first invested in Red Lobster in 2016 and upped its stake in 2020. At the time of the January ...
The company itself has yet to comment, but the tip-off appears to have come from a LinkedIn post by the TAGeX Brands company overseeing sales of the assets. Owner Neal Sherman hailed the “closure of select Red Lobsters” as generating the “largest restaurant liquidation EVER through (...
shrimp surged, Red Lobster struggled to turn a profit while serving mounds of shellfish at a comparatively bargain-basement price. Boosting the offer price to $22 and even $25 failed to stem the losses, which contributed to a downbeat quarter for Red Lobster's owner, Thailand-based Thai ...
Red Lobster's latest Chapter 11 Bankruptcy filings reveal 3 Michigan locations are in danger of closing if negotiations fail to lower the restaurants costs.
We got dressed up, started a Lobsterita Frenzy at the bar, and ate like kings. The meals were great but the presentation was simply thrilling for Johnny. He ordered his go to fish and chips and was elated to find that Red Lobster brought back their fake newspaper “The Daily Catch” ...
After that, however, the company has suffered through multiple management changes, a new culture antithetical to Red Lobster’s, loss of employees, and a flood of shrimp.There have been reportsof poor-quality food, unclean restaurants, and bad service. The downward spiral continued until the shr...
“Fortunately from the earliest days our founder Bill Darden was focused on hiring the very best people and developing them and retaining them and that’s been in our DNA since day 1,” said Red Lobster CEO Kim Lopdrop during an interview on “Mornings with Maria.”“So we pay above aver...