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The Independent UK
The Independent UK
National
Io Dodds

Cost-cutting, private equity and piles of shrimp: What really drove Red Lobster into bankruptcy

REUTERS/Kevin Lamarque

Waves of customers hungry for under-priced shrimp. A skeleton crew of waiters overwhelmed by the unexpected demand. Tables occupied for long stretches of time, forcing new patrons to wait ages to be seated.

Such was the chaos that engulfed the popular seafood restaurant chain Red Lobster last summer when it made its "endless shrimp" promotion a permanent menu item.

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