Restaurant chain Red Lobster has filed for Chapter 11 bankruptcy, citing high labor costs, rising rents, and, above all else, its unlimited shrimp deal. In 2023, Red Lobster announced their $20 ...
Restructuring to Optimize Real Estate Footprint and Facilitate Going Concern Sale ORLANDO, Fla., May 19, 2024 /PRNewswire/ -- Red Lobster Management LLC, along with its direct and indirect operating ...
For many Americans, your local Red Lobster may be a thing of the past. The seafood chain closed dozens of restaurants ahead of an announcement last week that it was filing for Chapter 11 bankruptcy in ...
May 20 (UPI) --Red Lobster, one of the largest seafood restaurant chains in the country, officially filed for bankruptcy protection in a federal Middle District of Florida. The chain said it has ...