Bankruptcy, Red Lobster
Red Lobster considers bankruptcy. Are Ohio locations affected? What we know
Red Lobster is looking to file for Chapter 11 bankruptcy. Are restaurants in Ohio affected? Here's what we know.
CFO of Red Lobster Points to $20 Shrimp Deal and High Labor Costs as the Reason for Bankruptcy
Red Lobster wanted more people to come to its restaurants and buy more food, so they came up with a deal called ‘Endless Shrimp’ for just $20. It was supposed to be a temporary thing, but it was so popular that they kept it permanently by June 2023.
Red Lobster reportedly considers bankruptcy after $11M loss on endless shrimp
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. The national restaurant chain,
Red Lobster reportedly weighs possible Chapter 11 bankruptcy filing as labor costs soar
Red Lobster is reportedly weighing a possible Chapter 11 bankruptcy filing in order to restructure its mounting debt. The seafood restaurant chain — which has 649 locations nationwide
Chick-fil-A wants to replace Red Lobster in Naples with new modern restaurant
Chick-fil-A fans may soon have another way to get their chicken sandwich fix in Naples. Another location for the popular fast-food restaurant is planned in the city, at the former home of Red Lobster,
Red Lobster considers bankruptcy to deal with leases and labor costs
Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter.
Why Red Lobster could be headed toward bankruptcy
The chain only paid a quarter of its bills on time in February and over half were 61 to 90 days late, according to data from Creditsafe.
Red Lobster Is Heading to Bankruptcy Thanks to This Meal Deal
According to a Bloomberg report, Red Lobster is considering filing Chapter 11 bankruptcy as it grapples with growing debt and major losses. With rising labor and lease costs, the restaurant chain has struggled to make a steady profit.
Report Says, Red Lobster Considering Bankruptcy Filing
Rumor has it that popular seafood restaurant, Red Lobster is considering filing for bankruptcy to help alleviate the financial pressures that have weighed down heavily on the company.
Is Red Lobster filing for Chapter 11 bankruptcy? How it could affect Mississippi restaurants
Red Lobster, a popular seafood restaurant chain, has reportedly been considering filing for Chapter 11 bankruptcy, according to a report from Bloomberg. That has spurred rumors of mass closures, though at this time,
Is Red Lobster going out of business? Here's what it means for local restaurants
Seafood chain Red Lobster is considering filing for Chapter 11 bankruptcy, according to reports. Here's what the decision ...
Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp
Red Lobster is in hot financial waters, attempting to stay afloat by eyeing Chapter 11 bankruptcy to restructure its debts ...
Facing Shrimp-Fueled Debt, Red Lobster Reportedly Mulls Chapter 11
The Florida-based seafood chain reportedly considers protection from creditors to work from under debt worsened by its ...
Is Red Lobster filing for bankruptcy? What's for sure is they released this new AI album
Bloomberg reported Red Lobster is considering bankruptcy. Here's why and other updates surrounding the restaurant ...
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Red Lobster is struggling to pay its bills, vendors say
Credit data confirms the seafood chain has a large number of overdue balances as it reportedly considers a bankruptcy filing.