Red Lobster expected to file for bankruptcy after closing dozens of restaurant locations - Seafood chain reportedly ...
The company said it will use the bankruptcy proceedings to simplify its operations, close restaurants and pursue a sale.
Red Lobster filed for Chapter 11 bankruptcy after it announced it would be closing dozens of stores. The seafood chain said that in order to stay financially afloat it would “reduce its ...
The seafood chain is in hot water after a series of bad choices by a parade of executives. Almost 580 restaurants will stay ...
The CFO of Thai Union Group spoke to ABC News about the decision. Red Lobster has abruptly closed at least 99 locations across the country with restaurants shutting their doors in at least 27 states.
Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn shrimp and “endless” ...
Red Lobster, the casual dining chain that won fans with inventions like popcorn shrimp and “endless” seafood deals, has filed for bankruptcy. The 56-year-old chain made the filing late Sunday ...