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Red Lobster bought a lot of shrimp from its Thai owner. Now, the new CEO is investigating.He said Red Lobster executives objected to then-CEO Paul Kenny's May 2023 plan to add $20 unlimited shrimp to the menu permanently. But Kenny forged ahead, a decision that cost Red Lobster $11 ...
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Meet Red Lobster’s new owner(WJET/WFXP) — Two months after Red Lobster had filed for Chapter 11 bankruptcy ... in May 2023 former CEO Paul Kenny decided to add the promotion as a permanent $20 menu item despite significant ...
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Red Lobster choked on its own shrimp supplySpecifically, Tibus takes aim at his predecessor Paul Kenny and Thai Union, the Bangkok-based seafood supplier that took a majority stake in Red Lobster in 2020. Thai Union hand-picked Kenny to ...
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It wasn't just the endless shrimp: Red Lobster's troubles detailed in bankruptcy filingTibus references a significant example of mismanagement, and it involves former Red Lobster CEO Paul Kenny adding unlimited endless shrimp as a permanent $20 item to the menu "despite significant ...
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Red Lobster files for Chapter 11 bankruptcy protectionRed Lobster's roots date back to 1968, when the first restaurant opened in Lakeland, Florida, as a family-owned establishment ... However, former CEO Paul Kenny decided to make the deal a ...
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Former Red Lobster employees describe a toxic and demoralizing environment as Thai Union-appointed executives descended on ...
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Red Lobster staff dish on the toxic and demoralizing workplaceThe former Red Lobster workers said the work environment at the headquarters became toxic and demoralizing before interim CEO Paul Kenny took over in 2022. Kenny allegedly made derogatory comments ...
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Cost-cutting, private equity and piles of shrimp: What really drove Red Lobster into bankruptcyAccording to Tibus, the influence of Thai Union may also have been at work when Red Lobster’s then CEO Paul Kenny decided on the “endless shrimp” venture – “despite significant pushback ...
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