Since the late 1960's, Red Lobster has grown to become an American seafood institution with over 650 restaurants and tens of thousands of employees. It's also one of the most successful casual restaurant chains to ever exist. So it was pretty surprising to many when they filed for Chapter 11 Bankruptcy in early 2024. However while many in the media reported on the famous Endless Shrimp as the culprit, the truth as to how this company fell so quickly is a bit more complicated. Join me today as we find out how this iconic chain ultimately declared bankruptcy.