• @brbposting
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    337 months ago

    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.

    • @[email protected]
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      177 months ago

      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.

    • jayrhacker
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      107 months ago

      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

    • roguetrick
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      7 months ago

      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.

      Edit 2: Oh, they supplied the shrimp with slave labor, lol

      Thailand’s seafood industry, and by implication, the Thai Union, was the subject of a year-long study of the Thai shrimp industry commissioned by Nestlé. The report, conducted by Verité on behalf of Vevey-based Nestlé, was released on 23 November 2015. It found “indicators of forced labor, trafficking, and child labor to be present among sea-based and land-based workers.”[28]

      https://en.wikipedia.org/wiki/Thai_Union_Group