Guest counts and revenue had been declining since before the pandemic; in fiscal year 2023, the chain’s net loss exceeded $76 million.
With Red Lobster filing for bankruptcy, many are speculating that their endless shrimp promotion led to their demise.
Monaco Enterprises of Western New York — which had a 25-year relationship with Red Lobster — has never been faced with a ...
Restaurant chain Red Lobster has filed for Chapter 11 bankruptcy due to high labor costs, rising rents, and the impact of its ...
Red Lobster Management LLC, and its related subsidiaries, announced in a May 19 news release it has voluntarily filed for ...
Red Lobster filed for Chapter 11 bankruptcy in Florida on Sunday. Here's a list of the company's restaurant locations that ...
After facing closures and significant operating losses related to Endless Shrimp, the struggling seafood chain filed for ...
Red Lobster locations will not be closing down despite the chain filing for Chapter 11 bankruptcy, the company announced in ...
On the surface, the story of Red Lobster’s bankruptcy is about one of the seven deadly sins: gluttony. The most eye-catching manifestation of that sin, as my colleague Marisa Gerber reported ...
WASHINGTON — Red Lobster is publicly addressing its Chapter 11 bankruptcy filing days after shuttering dozens of restaurants nationwide. After days of silence, the seafood restaurant chain ...
Two Red Lobster restaurants have recently closed amid the seafood chain’s financial woes. The company announced Sunday it had voluntarily filed for Chapter 11 bankruptcy reorganization.
Two days after it declared Chapter 11 bankruptcy, Orlando-based Red Lobster sent a letter Tuesday to customers assuring them that most of its restaurants would stay open despite the company’s ...