News

Hosted on MSN16d
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 ...
Hosted on MSN11mon
Red Lobster choked on its own shrimp supply
Specifically, 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 ...
Hosted on MSN11mon
It wasn't just the endless shrimp: Red Lobster's troubles detailed in bankruptcy filing
Tibus 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 ...
How a global seafood giant broke Red Lobster
Former Red Lobster employees describe a toxic and demoralizing environment as Thai Union-appointed executives descended on ...
Hosted on MSN11mon
Red Lobster staff dish on the toxic and demoralizing workplace
The 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 ...
Hosted on MSN11mon
Cost-cutting, private equity and piles of shrimp: What really drove Red Lobster into bankruptcy
According 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 ...