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The Nexus
BUSINESSApr 21 · 17:58 UTCKTLA 5Iman Palm

Endless Shrimp to Red Lobster for limited time after past financial strain

Red Lobster has reintroduced its popular endless shrimp promotion after discontinuing it in 2024 due to financial struggles. The chain filed for Chapter 11 bankruptcy, closed 130 restaurants, and reported a $76 million net loss in 2023, citing high inflation, unsustainable rent costs, and poor management as key issues.

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