Published 13 days ago

Red Lobster Reportedly Considering Filing for Bankruptcy, Jokes Fly

Summary by TMZ

Red Lobster is reportedly mulling over bankruptcy, and while this is far from the end for them as a business ... some online are certainly treating it that way, with jokes galore. According to Bloomberg, the famous seafood restaurant chain is…

0 Articles

All

Left

Center

Right

Bloomberg

Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs

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.

13 days ago·United States

Read Full Article

Chicago Tribune

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. The dining chain is considering a possible Chapter 11 filing to shed some long-term contracts and renegotiate a swath of lea…

12 days ago·Chicago, United States

Read Full Article

WPLG

Red Lobster considers filing for bankruptcy, according to report

Red Lobster is considering filing for Chapter 11 bankruptcy to ease financial pressure, according to a report. The seafood restaurant chain is being advised by lawyers to consider the filing, to put a debt reduction plan into motion according to a report by Bloomberg. It would allow the nearly 650 restaurants to continue operating across the country.The restaurant was founded more than 50 years ago by Bill Darden and Charley Woodsby. Its parent …

12 days ago·Miami, United States

Read Full Article

MarketWatch

Red Lobster may file for bankruptcy protection: report

Seafood restaurant chain Red Lobster may be headed for bankruptcy, according to a published report.

13 days ago·United States

Read Full Article

TMZ

Red Lobster Reportedly Considering Filing for Bankruptcy, Jokes Fly

13 days ago·Los Angeles, United States

Read Full Article

Fox Business

Red Lobster considering bankruptcy filing: report

Red Lobster is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company.According to a report by Bloomberg citing people familiar with the discussions, Red Lobster is weighing a Chapter 11 bankruptcy filing to renegotiate burdensome leases and address other long-term contracts as well as rising labor costs.The outlet reported that the seafood restaurant chain is being advised by law firm King &…

13 days ago·United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.