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Thread: Red Lobster Is Considering Bankruptcy Partly Due to $11 Million Loss from Endless Shr

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04-18-2024, 11:44 AM
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Red Lobster Is Considering Bankruptcy Partly Due to $11 Million Loss from Endless Shr

Red Lobster Is Considering Bankruptcy Partly Due to $11 Million Loss from Endless Shrimp Deal

The restaurant chain is considering filing for bankruptcy amid growing debt, sources with knowledge on the matter told Bloomberg.

The restaurant has been finding it difficult to make money with their current leases and labor costs, and are currently seeking advice from commercial law firm King & Spalding in order to figure out how to restructure to cut costs, the outlet also reported.

https://people.com/red-lobster-is-co...report-8635031
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04-18-2024, 11:45 AM
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