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Red Lobster said Thursday that it expects to operate about 544 locations across the U.S. and Canada upon emerging from bankruptcy. That's down from 578 disclosed as of May's bankruptcy filing.
Red Lobster believes a Chapter 11 filing could help it renegotiate leases and drop some long-term contracts, though a final decision on declaring bankruptcy has yet to be made, the people said ...
Now, the purveyor of Cheddar Bay Biscuits is facing potential bankruptcy. According to Bloomberg, Red Lobster is considering a Chapter 11 bankruptcy filing in hopes of restructuring its debts. The ...
A bankruptcy court approved Red Lobster’s plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy.
The casual dining chain, known for its signature cheddar biscuits, filed for Chapter 11 bankruptcy protection back in May. Red Lobster was forced to close many US locations due to its endless ...
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. ... Companies bought out and indebted by private equity go bankrupt 10 times more ...
Red Lobster has filed for voluntary Chapter 11 bankruptcy in Florida, the company confirmed in a statement late Sunday night — but it intends to keep its locations open.. The 56-year-old seafood ...
2024 Red Lobster closing list: Red Lobster website lists 87 locations 'temporarily closed' in 27 states: See full list. Here's what you need to know: Did Red Lobster file for Chapter 11 bankruptcy ...