Lobster articles
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Dead Lobster: seafood chain sinking into bankruptcy
Red Lobster is losing money claw over fist. Bloomberg reports the seafood chain is heading for bankruptcy. The reasons are many, including the high operating costs and expensive promotions such as Endless Shrimp. Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter. — Read the rest
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New investigation into mass Dutch lobster deaths
Wageningen University is launching a new investigation into mass lobster deaths in the Oosterschelde estuary in Zeeland. “There are no outward signs of ill health but many of the lobsters are slow and weak. Something is going on but we don’t know what it is,” Wageningen researcher Jildou Schotanus told broadcaster NOS. An earlier investigation by the university into possible viruses or bacteria did not yield any results. “We are now widening the investigation to include the presence of toxic
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Red Lobster Might Try Bankruptcy To Stay Afloat
Red Lobster has not been doing well in terms of its finances in recent years. Between some owners jumping ship and an endless shrimp deal that essentially drained Red Lobster instead of boosting it, the brand has faced some challenges. Now, in an effort to keep the business up and running, Bloomberg reports Red Lobster is considering filing for Chapter 11 bankruptcy. Per the publication’s anonymous sources, the seafood chain is considering this move to restructure its debt. The bankruptcy...