Filing for bankruptcy would allow Red Lobster to keep their business going while it reduces its debts and expenses, per Bloomberg.
Seafood restaurant chain Red Lobster is reportedly considering filing for Chapter 11 bankruptcy protection after significant financial blows, including an $11 million loss on endless shrimp.
Facing mounting debt and declining sales, Red Lobster mulls Chapter 11 bankruptcy. The seafood chain reportedly seeks a ...
It may be the end of the line for the seafood chain Red Lobster. Bloomberg reported that the restaurant was mulling bankruptcy and had sought legal advice. Red Lobster saw an operating loss of $12 ...
Law firm King & Spalding advised Red Lobster to mull bankruptcy as the seafood titan looks to cut bait on some long-term ...
It may be the end of the line for the seafood chain Red Lobster. Bloomberg reported that the restaurant was mulling bankruptcy and had sought legal advice. Red Lobster saw an operating loss of $12.5 ...