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this post was submitted on 02 Dec 2023
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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.
...All you can eat krill?
clawing her way to the top: such amazing journalismThat'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.
Edit 2: Oh, they supplied the shrimp with slave labor, lol
https://en.wikipedia.org/wiki/Thai_Union_Group