The next executive will convince somebody it’s just a matter of time until they hit on the correct endless shellfish, then resign in disgrace after the endless clam promotion costs too much.
That’s back when they were owned by Darden, who decided to spin them off because seafood prices were too volatile.
Edit: what’s funny about this is Darden was a restaurant group that mostly didn’t focus on seafood, so red lobster wasn’t a good fit. This company, Thai Union group, is a seafood packaging group (chicken of the sea, King Oscar), which also puts into question how well they’re able to supply fresh fish. I don’t think red lobster will ever be consistently profitable for these corporate chains.
After clawing her way to the top at Red Lobster, Edna Morris is out as the chain’s president for letting hungry customers eat too much of its all-you-can-eat crab dinners.
clawing her way to the top: such amazing journalism
Oh not again!
2003’s “Endless Crab” wiped out 1 president and $400 million in shareholder value… you’d‘ve thought they’d’ve learn’ed’ve.
The next executive will convince somebody it’s just a matter of time until they hit on the correct endless shellfish, then resign in disgrace after the endless clam promotion costs too much.
That’s back when they were owned by Darden, who decided to spin them off because seafood prices were too volatile.
Edit: what’s funny about this is Darden was a restaurant group that mostly didn’t focus on seafood, so red lobster wasn’t a good fit. This company, Thai Union group, is a seafood packaging group (chicken of the sea, King Oscar), which also puts into question how well they’re able to supply fresh fish. I don’t think red lobster will ever be consistently profitable for these corporate chains.
clawing her way to the top: such amazing journalism