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Chain Apocalypse. This year was a bloodbath for retail and dining businesses. In the first nine months of 2024, business bankruptcy filings skyrocketed 33.5%, jumping from 17,051 to 22,762.
Rubio’s Restaurants filed for Chapter 11 bankruptcy protection in June. The fast-casual chain, known for its fish tacos, had 86 locations at the time across California, Nevada and Arizona.
In a court filing in the United States Bankruptcy Court Middle District of Florida, Orlando Division, via Today, Red Lobster listed 23 locations that would officially close its doors soon. This ...
Seafood restaurant chain Red Lobster has filed for bankruptcy, but most of its restaurants will remain open during the court proceedings. The news, announced on May 19, comes after nearly 90 Red ...
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 ...
The coronavirus pandemic has devastated the restaurant industry. By mid-April of 2020, an estimated 30,000 American restaurants had closed for good and more than 110,000 were expected to shutter by...
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