Comment on Red Lobster considers bankruptcy to deal with leases and labor costs

Red Lobster considers bankruptcy to deal with leases and labor costs

By Reshmi Basu Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter. Red Lobster has been getting advice from law firm King & Spalding, said the people, who asked not to be identified discussing a private matter.

 

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