Similar Stories to Red Lobster Considers Bankruptcy To Deal With Leases And Labor Costs on Bing News

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.

BING NEWS:
  • Red Lobster Considers Bankruptcy as Over 80 Locations Close, Including Two in Illinois Amid Financial Turmoil
    Red Lobster faces financial struggles with over 80 U.S. locations closed and potential Chapter 11 bankruptcy looming.
    05/16/2024 - 6:50 pm | View Link
  • Red Lobster abruptly closes dozens of restaurant locations around U.S., including Missouri
    Red Lobster locations around the U.S. are shutting down as the brand considers Chapter 11 bankruptcy. Here's what we know about restaurant closures.
    05/15/2024 - 8:18 am | View Link
  • What went wrong at Red Lobster: Is the all-you-can-eat shrimp and crab to blame?
    The explosive growth and popularity of fast-casual chains like Chipotle and quick-service chains like Chick-fil-A over the past two decades also squeezed Red Lobster.
    05/15/2024 - 4:20 am | View Link
  • Red Lobster may file for bankruptcy by end of May: report
    Red Lobster is expected to file for bankruptcy by the end of the month, according to a new report, which came a day after the seafood restaurant chain abruptly closed dozens of locations.
    05/14/2024 - 12:57 pm | View Link
  • Red Lobster is auctioning off everything inside this Michigan location
    The locations span across more than 20 states — cutting back on Red Lobster’s presence in cities like Denver, San Antonio, Indianapolis and Sacramento. Red Lobster has been struggling for some time.
    05/14/2024 - 7:21 am | View Link
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