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Red Lobster said Thursday that it expects to operate about 544 locations across the U.S. and Canada upon emerging from bankruptcy. That's down from 578 disclosed as of May's bankruptcy filing.
Seafood chain launched the promotion in summer 2023. Red Lobster is reportedly considering filing for bankruptcy.. Amid the restaurant’s financial concerns, attention has been placed on Red ...
UPDATE: May 21, 2024. Editor's note: On May 19, Red Lobster confirmed it has filed for Chapter 11 bankruptcy.Nearly 580 of its restaurants will remain open through the restructuring process.
Now, the purveyor of Cheddar Bay Biscuits is facing potential bankruptcy. According to Bloomberg, Red Lobster is considering a Chapter 11 bankruptcy filing in hopes of restructuring its debts. The ...
Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection. A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan ...
The casual dining chain, known for its signature cheddar biscuits, filed for Chapter 11 bankruptcy protection back in May. Red Lobster was forced to close many US locations due to its endless ...
A bankruptcy court approved Red Lobster’s plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy.
In an April 2024 Bloomberg report citing sources familiar with the discussions, Red Lobster was considering a bankruptcy filing to renegotiate burdensome leases and address other long-term ...