According to Red Lobster's website, more than 80 restaurants were listed as 'temporarily closed' amid reports of a potential bankruptcy filing.
The chain reported a roughly $11 million loss in the third quarter of 2023 due to more customers than expected taking advantage of its"Ultimate Endless Shrimp Deal"The Bloomingdale and Danville restaurants were among numerous locations listed as"temporarily closed" on the chain's website Monday afternoon. Illinois has 25 Red Lobster restaurants, including 16 in the Chicago area.
“We knew the price was cheap. But the idea was to bring more traffic in the restaurants,” Ludovic Garnier, CFO of Thai Union, the chain's parent company, said in an earnings call in November of that year. Red Lobster also tried to increase sales through another unique advertising campaign, in which it vowed to give 150 winners a complimentary meal of"endless lobster for one day and one day only," according to its website.showed the chain had listed more than 80 locations as"temporarily closed" on its website. The majority of closures were listed in Florida.Feeling out of the loop? We'll catch you up on the Chicago news you need to know.
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