Start the day smarter. Get all the news you need in your inbox each morning. He also confirmed that the $20 endless shrimp deal has ended permanently. "Relevant, compelling and exciting is what we want Red Lobster to be for the future, and so we’re ...

One of the major blunders made by Red Lobster was its $20 endless shrimp promotion. While the deal made quite the splash with customers, the company suffered millions in operating losses. And Red Lobster’s new CEO, Damola Adamolekun, warned customers not to hold their breath for the promotion to make a comeback.