Similar Stories to Red Lobster, Home Of The Endless Shrimp, Mulls Bankruptcy After Spoiling Its Customers With All-you-can-eat Lobster: Report on Bing News

ktan@businessinsider.com (Kwan Wei Kevin Tan), Business Insider
Thu, 04/18/2024 - 12:19am

A Red Lobster restaurant in Times Square in New York.Richard Levine/Corbis via Getty ImagesIt may be the end of the line for the seafood chain Red Lobster.Bloomberg reported that the restaurant was mulling bankruptcy and had sought legal advice.Red Lobster saw an operating loss of $12.5 million in the fourth quarter of 2023.The seafood chain Red Lobster is considering filing for bankruptcy, Bloomberg has reported.Declaring bankruptcy would allow Red Lobster to keep its business going while paring down its debts and expenses, people familiar with the matter told Bloomberg.

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Endless Shrimp becomes pivotal issue in Red Lobster bankruptcy
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