A cost-effective seafood deal has proven to be part of Red Lobster's financial undoing, as the chain has announced it is closing 99 restaurants in at least 27 states. Executives say its popular ...
Red Lobster faces financial struggles with over 80 U.S. locations closed and potential Chapter 11 bankruptcy looming.
In an unexpected move that has sent ripples through the restaurant industry, Red Lobster is closing at least 48 of its locations nationwide. The closures, reported by a leading restaurant liquidator, ...