Red Lobster CEO Resigns After 8 Months
Posted: April 10th, 2022, 9:26 pm
This could indicate trouble at Red Lobster. The chain seems to be doing decent business. There are still many locations still open.
Crazy about retail.
https://www.retailwatchers.com/
The previous CEO was there for a long time. Maybe it just didn't work out. Red Lobster despite being the subject of many jokes seems like it has survived much better than I would have expected it to survive after Darden spun it off.
Red Lobster remains a successful operating entity. Darden was sad to divest Red Lobster, but it needed funds to invest in improving Olive Garden and Longhorn Steakhouse.storewanderer wrote: ↑April 10th, 2022, 10:03 pmThe previous CEO was there for a long time. Maybe it just didn't work out. Red Lobster despite being the subject of many jokes seems like it has survived much better than I would have expected it to survive after Darden spun it off.