In the case of Red Lobster, its bankruptcy filing detailed a 30% drop in guests since 2019. Other issues include debt, a slew of new CEOs and an all-you-can-eat shrimp controversy. "Filing for ...
Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. The company said it ...
Red Lobster filed for Chapter 11 bankruptcy in Florida, the company confirmed in a statement late Sunday night. Last week, Red Lobster's website listed 87 stores listed as "temporarily closed ...
Beleaguered seafood eatery Red Lobster filed for Chapter 11 bankruptcy following the recent closing of dozens of restaurants. The chain entered into a “stalking horse” arrangement late Sunday ...
REPORTS. RED LOBSTER, THE HOME OF THE ENDLESS SHRIMP AND THOSE BASKETS OF CHEDDAR BISCUITS, HAS FILED FOR CHAPTER 11 BANKRUPTCY. CLOSE TO A DOZEN RED LOBSTERS HAVE CLOSED LOCALLY, AND MANY MORE ...
Red Lobster, America's largest seafood chain known for its shrimp and Cheddar Bay biscuits, has filed for bankruptcy. Its seafood restaurants are in hot water after a series of bad choices by a ...
Red Lobster, the nationwide restaurant chain known for its affordable seafood and cheddar bay biscuits, said late Sunday that it filed for Chapter 11 bankruptcy protection. In a statement ...
Weeks after Red Lobster announced it had filed for bankruptcy and shuttered scores of restaurants, the seafood chain said in court filings that it wants to close more locations. According to the ...
Red Lobster has filed bankruptcy after months of speculation. From restaurant closures to a sale of the business, here's where things stand and what happens next. Red Lobster filed Chapter 11 ...
May 20 (Reuters) - U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing ...
Red Lobster said its remaining restaurants — including the only one in Manhattan, in Times Square — will be open and operate as usual during the bankruptcy proceedings. Some employees ...