• brbposting@sh.itjust.works
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    11 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.

    • radix@lemmy.world
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      11 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@kbin.social
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      11 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@kbin.social
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      11 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