Red Lobster Files For Bankruptcy After Abruptly Closing Dozens Of Restaurants
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Red Lobster seeks bankruptcy protection after closing dozens of restaurants
US seafood restaurant chain has been struggling with lease and labor costs, and promotions such as its all-you-can-eat shrimp dealRed Lobster has filed for Chapter 11 bankruptcy protection days after shuttering dozens of restaurants.The US seafood restaurant chain has been struggling for some time with lease and labor costs piling up in recent years and also promotions such as its signature all-you-can-eat shrimp deal. Continue reading
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Red Lobster files for bankruptcy days after closing dozens of restaurants
Red Lobster filed for bankruptcy on Sunday, days after shuttering dozens of locations as the iconic seafood chain struggles.
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Red Lobster seeks bankruptcy protection days after closing dozens of restaurants
Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn shrimp and “endless” seafood deals, has filed for Chapter 11 bankruptcy protection. The 56-year-old chain made the filing late Sunday, days after shuttering dozens of restaurants. “This restructuring is the best path forward for Red Lobster. It allows us []