The Orlando-based seafood chain hopes to conclude its restructuring 'quickly and efficiently.' M. Suhail / Getty Images It’s been a difficult spring for the restaurant business, which is still dealing ...
Last week, Red Lobster suddenly closed at least 48 locations nationwide. Now, according to a press release issued on May 19, 2024, the longstanding casual seafood restaurant chain has officially filed ...
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 ...
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 ...
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 ...