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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...

  • 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

  • Red Lobster Files for Chapter 11 Bankruptcy

    Red Lobster, the seafood chain known for its Cheddar Bay biscuits and endless shrimp deals, has filed for bankruptcy protection after months of financial woes and store closures. On May 19, Red Lobster Management LLC, which owns the restaurant chain, announced it has voluntarily filed for relief under Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida. As part of the filings, Red Lobster says it plans to remain open and sell its businesses to existing...