Chapter 11 bankruptcy is just one of six types of bankruptcy, aimed at different debt situations. Here's how it works and ...
The Florida-based seafood chain, which won fans with inventions like popcorn shrimp and “endless” seafood deals, has been ...
The company has around 650 locations. Red Lobster is reportedly considering filing for bankruptcy protection. The chain has tapped a restructuring expert as its chief executive, a possible ...
Less than one week after Red Lobster announced the closure of dozens of restaurants across the nation, the company has ...
The seafood restaurant chain said in a court filing that it has more than 100,000 creditors and estimated assets between $1 ...
On Sunday, May 19, the Red Lobster restaurant chain filed for Chapter 11 bankruptcy protection, having the previous Monday ...
Executives say its popular all-you-can-eat shrimp deal, coupled with a slow down in traffic, could put the chain in the position of filing for bankruptcy. Last summer Red Lobster announced the $20 ...
SINGLE winner for each location. WINNER TAKES ALL." Red Lobster is reportedly expected to file for bankruptcy as early as next week. It raises questions over what will happen to customers' unused ...
Let’s hope “Endless Shrimp” won’t be the end of Red Lobster Times Square. The once-thriving national seafood chain closed at least fifty of its roughly 650 US locations this week.
Red Lobster was considering a Chapter 11 bankruptcy filing in April, sources with knowledge on the matter told Bloomberg at the time. With their current leases and labor costs, the restaurant ...
It's a case of Red Lobster facing red ink, which leads to a long list of closures and talk of bankruptcy. But what was the "Red Lobster" trap? What led the nation's biggest seafood chain to find ...