Search results
Results From The WOW.Com Content Network
At the time, former CEO Jonathan Tibus was forced to make one harsh cut before they subsequently filed Chapter 11 bankruptcy in May – knocking the $20 endless shrimp special from the Red Lobster ...
Red Lobster thus lost a great deal of flexibility for closing underperforming restaurants and cutting costs. The bankruptcy filing says that a material portion of the leases charge above-market rates.
Red Lobster is trying to change the tides in its post-bankruptcy era. In May, the casual seafood dining chain filed for Chapter 11 bankruptcy after closing dozens of restaurants, which gave it ...
After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster says it will soon exit from Chapter 11 bankruptcy protection. A U.S. bankruptcy judge on ...
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. ... Yes, the company lost $11 million from the shrimp escapade, its bankruptcy ...
Red Lobster’s new 35-year-old CEO is opening up about the restaurant chain’s all-you-can-eat ... filed for bankruptcy and closed at least 129 locations. ... “When you have endless shrimp and ...
Red Lobster, the popular seafood restaurant chain that has been around since 1968, has recently filed for bankruptcy. The company plans to sell its business to an entity formed and controlled by ...
After shuttering more than 100 locations across the country and filing for Chapter 11 bankruptcy protection in May, Red Lobster has hired a new CEO to help revitalize the popular seafood ...