Tagged: Red Lobster

Red Lobster Files for Bankruptcy Amid Financial Struggles and Failed Promotions

05/09/2024

Red Lobster Secures Court Approval for Bankruptcy Restructuring

Red Lobster emerges from bankruptcy under a Fortress Investment Group-led deal, keeping all locations open and securing $60 million to revitalize the brand. Bollywood Fever: Red Lobster has received court approval for a restructuring...

Business

20/05/2024

Red Lobster Files for Bankruptcy Amid Financial Struggles and Failed Promotions

Seafood restaurant chain Red Lobster has filed for bankruptcy, citing burdensome leases, high labor costs, and a failed unlimited shrimp promotion. The Orlando, Florida-based company sought Chapter 11 protection on Sunday, reporting assets and...