The business news outlet reported that Red Lobster is being advised by the law firm of King & Spalding on possible restructuring, but added that no final decisions have been made about bankruptcy.

The business news outlet reported that Red Lobster is being advised by the law firm of King & Spalding on possible restructuring, but added that no final decisions have been made about bankruptcy.

This comes after Red Lobster reported a $12.5 million operating loss in the fourth quarter of 2023 Kimberlee Speakman is a digital writer at PEOPLE. She has been working at PEOPLE since 2022.

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Red Lobster is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company. According to a report by Bloomberg citing people familiar with the ...

Red Lobster is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company. According to a report by Bloomberg citing people familiar with the ...

Red Lobster possibly going out of business? Say it ain’t so. Folks on social media are panicking right now because they might have to find another spot to enjoy cheddar bay biscuits and endless ...

That easy sous vide method just works the trick perfectly every time, for getting the lobster tails cooked to perfection. Everyone will wonder what your secret is, for such perfectly tender lobster!

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