Red Lobster has yet to issue a statement after at least 48 restaurants abruptly closed on Monday.
Red Lobster has yet to issue a public statement explaining why at least 48 of the company's restaurants were abruptly closed to the public in Monday amid reports of financial difficulties.According to the official Red Lobster website the company operates from around 650 locations across the U.S., some of which have now been marked as 'temporarily closed.
winner for each location. Before divesting from Red Lobster Thai Union Group attributed the company's decision to make its 'Ultimate Endless Shrimp' a permanent offer as a 'key factor' in its ongoing financial difficulties.According to Restaurant Business in November Union Group's CFO Ludovic Regis Henri Garnier, speaking to investors, said: 'We knew the price was cheap, but the idea was to bring more traffic to the restaurants. So we wanted to boost our traffic, and it didn't work.
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