Los Angeles Times: Red Lobster offered customers all-you-can-eat shrimp. That was a mistake. | Milled
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Red Lobster offered customers all-you-can-eat shrimp. That was a mistake.


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Los Angeles Times
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Red Lobster offered customers all-you-can-eat shrimp. That was a mistake.

The beloved yet beleaguered pillar of casual dining abruptly shuttered dozens of locations this week, heightening speculation that the chain is careening toward bankruptcy.

Although its dire financial situation isn’t the result of a single misstep, executives at the company that owns a large stake in the chain, as well as industry experts, said that miscalculations over the popularity of the all-you-can-eat shrimp special accelerated the company’s downward spiral.
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