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Red Lobster Application PDF  Form

Red Lobster Application PDF Form

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breaking news Red Lobster files for bankruptcy the franchise which brought affordable shrimp and lobster to middle class America and grew to become the largest seafood restaurant chain in the world has filed for chapter 11 bankruptcy the company said it had more than $1 billion in debt and less than $30 million in cash on hand it plans to sell its business to its lenders and in turn it will receive financing to stay afloat it expects to close hundreds of its restaurants in the meantime the company can point to One Singular event that led to its demise last summer Red Lobster made $20 endless shrimp a permanent menu item endless shrimp was a successful annual limited time offer for Red Lobster for 20 years but Red Lobster's latest major shareholder Tai Union a bangkok-based canned seafood company saw the promotion as a way to sell off the mountains of shrimp it was catching and turned it into an everyday item people quickly took advantage of the all you can eat shrimp deal and t

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