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Red Lobster files for bankruptcy, restaurants will stay open
(www.nbcnews.com)
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this post was submitted on 20 May 2024
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So apparently there's foul play.
From this article;
And then later...
Sounds like Red Lobster got juiced. I've never eaten there, but this is some evil stuff.
How is their shrimp supplier determining what promotions they run and when?
yeah that part confused me too. is a supplier an owner too?
The Thai Union owns 49% of the stock. That shouldn't be enough to control the company, but the fact that "none" of the C suite agreed with getting rid of the other suppliers but it happened anyway?
Maybe. Perhaps Thai Union was going for vertical integration and wanted to have control of the fried shrimp lifecycle all the way to your mouth, but bit off more than they could chew.