A week after closures, Red Lobster files for bankruptcy. What does it mean for Wisconsin locations?
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Red Lobster Files For Bankruptcy
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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Red Lobster files for bankruptcy
Red Lobster filed for Chapter 11 bankruptcy on Sunday, announcing it will close a significant number of its restaurants and sell equipment in an attempt to raise funds. The announcement comes a wee
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Red Lobster files for bankruptcy
The restructuring includes the closure of dozens of locations as the seafood chain looks to cut costs.