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 ...

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.

Red Lobster is exiting Chapter 11 bankruptcy after a federal judge on Thursday approved the seafood restaurant chain's plan to rebound from an "endless shrimp" fiasco, massive debt, dozens of ...

The green light arrives under just four months after Red Lobster filed for bankruptcy protection as it pursued a sale, following years of mounting losses and dwindling customers while it struggled ...

Global food chain Red Lobster is in a sea of trouble as it considers a Chapter 11 bankruptcy filing in a bid to restructure its debt, sources told Bloomberg. Law firm King & Spalding has ...

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster says it will soon exit from Chapter 11 bankruptcy protection. A U.S. bankruptcy judge on ...

Red Lobster is turning the page on its worst days as the struggling seafood restaurant chain prepares to emerge from bankruptcy. On Thursday, a U.S. judge approved the company’s reorganization ...

Two months after filing for Chapter 11 bankruptcy, Red Lobster is on track to have a new owner. After no other bidders came forward, an entity made up of its lenders will acquire the struggling ...

Red Lobster, the seafood chain known for its endless shrimp deals and cheddar bay biscuits, has emerged from Chapter 11 bankruptcy, according to the company. A U.S. bankruptcy judge approved the ...

Red Lobster is exiting Chapter 11 bankruptcy after a federal judge on Thursday approved the seafood restaurant chain's plan to rebound from an "endless shrimp" fiasco, massive debt, dozens of ...