Published 13 days ago

Red Lobster, With 14 MD Stores, Considering Bankruptcy

Summary by Patch

Red Lobster, With 14 MD Stores, Considering Bankruptcy - Odenton-Severn, MD - Red Lobster, which has 14 stores in Maryland, is considering Chapter 11 bankruptcy after its endless shrimp promotion.

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The Epoch Times

Red Lobster Reportedly Considering Bankruptcy After Millions in Losses in 2023

Red Lobster is reportedly considering filing for Chapter 11 bankruptcy. A Bloomberg report on April 17 said that people with knowledge of the matter said the company is mulling the decision as it searches for ways to deal with debt. The seafood restaurant chain has allegedly been getting advice from law firm King & Spalding, according to the article. A Chapter 11 bankruptcy does not mean the chain would close down. According to Investopedia, it …

13 days ago·New York, United States

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Patch

Red Lobster, With 14 MD Stores, Considering Bankruptcy

Red Lobster, With 14 MD Stores, Considering Bankruptcy - Odenton-Severn, MD - Red Lobster, which has 14 stores in Maryland, is considering Chapter 11 bankruptcy after its endless shrimp promotion.

13 days ago·United States

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PIX 11

Red Lobster considers bankruptcy: reports

NEW YORK (PIX11) – The popular restaurant chain, Red Lobster, is considering filing for bankruptcy, according to Bloomberg. Debt issues and expenses like labor costs are to blame, the report said. Flights from NYC, Bahamas as low as $64 during JetBlue sale A bankruptcy filing doesn't necessarily mean that Red Lobster will disappear, but will give the chain an opportunity to restructure its debt. Erin Pflaumer is a digital content produc…

14 days ago·New York, United States

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WNKY

Red Lobster considering filing for bankruptcy, report says - WNKY News 40 Television

CNN, KFSM – People wanting to get their money’s worth at Red Lobster may have done so at the expense of the restaurant itself. The company is reportedly looking into filing for bankruptcy protection, according to reporting from Bloomberg. There are several reasons for that, including the cost of its leases and labor, but the $11 million Red Lobster recently lost on its Endless Shrimp deal certainly hasn’t helped matters. Sources say the chain ha…

13 days ago

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