Tech Insider : Business
red lobster endless shrimp
I tried Red Lobster's revamped Endless Shrimp deal, which contributed to its bankruptcy. Two years later, it's still an unbeatable value.
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A Red Lobster menu on a dining room table
Red Lobster's CEO, Damola Adamolekun, previously said he wouldn't bring back the Endless Shrimp promotion, which has long been blamed for the company's bankruptcy.
Tech Insider : Business
red lobster shrimp your way times square
I tried Red Lobster after not eating there for two years. I can't wait to go back.
Tech Insider : Business
Red Lobster CEO Damola Adamolekun is pictured.
Red Lobster CEO Damola Adamolekun is trying to turn the company around after it filed for bankruptcy.
Tech Insider : Business

Once a seafood powerhouse in America, Red Lobster is bankrupt and shutting down dozens of restaurants. Is Wall Street to blame?

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the author and the red lobster endless shrimp
I tried Red Lobster's endless shrimp promotion and thought it was an excellent deal — but could see why it proved disastrous for the chain.
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A Red Lobster restaurant in in Times Square in New York.
Seafood chain Red Lobster said in a statement on May 19, 2024 that it had filed for Chapter 11 bankruptcy.
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A shrimp on a fork.
Red Lobster's unlimited-shrimp promotion cost the company millions.
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The Wall Street bull about to eat a Red Lobster logo
Sure, Endless Shrimp turned out to be a horrible idea, but the problems at Red Lobster are much deeper than one bad promotion.