Red Lobster Files For Bankruptcy
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After closing dozens of locations, Red Lobster has filed for bankruptcy. pic.twitter.com/8EdTB6Sir2— IGN (@IGN) May 20, 2024Red 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 execs, including an ill-fated promotion for all-you-can-eat-shrimp starting at $20.Red Lobster's troubles include "a difficult macroeconomic environment, a bloated and underperforming...

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