• Red Lobster going into bankrupt over EndLess shrimp

  • May 20 2024
  • Length: 1 hr
  • Podcast
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Red Lobster going into bankrupt over EndLess shrimp

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  • Summary

  • "Biting off more than you can chew. Businesses that go belly up after expandtion" When Companies Execute too Fast: Real-World Failures and Consequences How Red Lobster’s misguided endless shrimp promotion drove it into bankruptcy. Endless shrimp was a successful annual limited-time offer for Red Lobster for 20 years. But Red Lobster’s latest major shareholder, Thai 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. (Thai Union became Red Lobster’s largest investor in 2020.)The change cost Red Lobster $11 million. Homejoy was a startup that offered on-demand home cleaning services, and at its peak, it was valued at $150 million. It was a San Francisco-based startup that offered on-demand home cleaning services. Sean Combs cannot be charged for kicking pulling her hair dragging her around, his Ex Boo Cassie in 2016.
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