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Top related persons:
Red - 2 it's - 2 Kim Lopdrup - 2 Jonathan Tibus - 2 It's - 1 what's - 1 Jonathan Maze - 1 Mills - 1
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Golden chow Lakeland , Florida San Francisco Thai Thailand Thai Union San Diego
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Bloomberg - 2 Seafood Alliance - 2 Restaurant Business - 1 Olive Garden - 1 LongHorn - 1 Darden - 1 Golden Gate - 1 American Realty - 1

Search resuls for: "Seafood Alliance"


3 mentions found


☆ Red Lobster Isn't Nearing Bankruptcy Because of Endless Shrimp
  + stars: | 2024-05-01 | by ( Emily Stewart | ) www.businessinsider.com   time to read: +9 min
While Red Lobster increased traffic somewhat, people coming in to chow down on all-you-can-eat shrimp was a money bleeder. But the story about what's gone wrong with Red Lobster is much more complicated than a bunch of stoners pigging out on shrimp (and, later, lobster) en masse. Red Lobster first opened in Lakeland, Florida, in 1968 and was acquired by the food conglomerate General Mills in 1970. "What's truly happened with Red Lobster is that the consumer base has changed and Red Lobster hasn't," he said. "Red Lobster isn't losing to a competitor in their space — they're losing to competitors outside their space."
Persons: It's, what's, Jonathan Maze, Mills, General Mills, Olive, Darden, Red, Eileen Appelbaum, isn't, they've, it's, Keith Bedford, Darren Tristano, John Gordon, Kim Lopdrup, Red Lobster's, He's, Jonathan Tibus, Gordon, Tristano, You've, Emily Stewart Organizations: Bloomberg, Restaurant Business, Olive Garden, LongHorn, Darden, Golden Gate, American Realty, Lobster, Center for Economic, Policy Research, Thai Union, Seafood Alliance, Thai, Fortress Investment Group, Reuters, Business Locations: chow, Lakeland , Florida, San Francisco, Thai, Thailand, Thai Union, Golden, San Diego
☆ Red Lobster seeks a buyer as it looks to avoid bankruptcy filing
  + stars: | 2024-04-25 | by ( Gabrielle Fonrouge Amelia Lucas | Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +4 min
The Times Square Red Lobster will be offering free all-you-can-eat lobster to a select few customers on March 28. Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. Red Lobster could secure a buyer, it could declare bankruptcy or its lenders could take control of the company. This year marks the 10-year anniversary of Darden Restaurants' sale of Red Lobster after investors pushed the company to divest. As a result, Red Lobster reported $11 million in losses in the fiscal third quarter and $12.5 million in losses the following quarter.
Persons: it's, Jonathan Tibus, Alvarez, Lobster, Kim Lopdrup, Kelli Valade, Horace Dawson, Red Organizations: Times, CNBC, Bloomberg, Red Lobster, Darden Restaurants, Golden Gate Capital, Thai Union Group, Red, Seafood Alliance Locations: Golden
☆ Without intervention, 90% of the world's tropical reefs will be gone by 2043. The SHEBA® brand is restoring hope.
  + stars: | 2023-07-17 | by ( Sponsor Post | Created The Sheba | Brand With Insider Studios | ) www.businessinsider.com   time to read: +5 min
When you think of cat food, coral reef restoration may not be the first thing that comes to mind. More coral today, more fish tomorrowIn 2019, the SHEBA brand began its work on Hope Reef, part of a global movement to help restore coral reefs around the world. Unveiled in 2021, Hope Reef — located off the coast of Sulawesi in Indonesia — is one of the world's largest repaired coral reefs. For Kuleana Coral Reefs, responsibility is even in the name. Thanks in part to the SHEBA brand's support, Kuleana Coral Reefs is restoring damaged coral reefs throughout the Hawaiian archipelago so they can persist naturally and without further human intervention.
Persons: Hope, SHEBA, one's Organizations: Google, National Ocean Service, Smithsonian, Global Seafood Alliance, SHEBA, Insider Studios Locations: Hope, Sulawesi, Indonesia, United States
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