Red Lobster has not been doing well in terms of its finances in recent years. Between some owners jumping ship and an endless shrimp deal that essentially drained Red Lobster instead of boosting it, the brand has faced some challenges. Now, in an effort to keep the business up and running, Bloomberg reports Red Lobster is considering filing for Chapter 11 bankruptcy. Per the publication’s anonymous sources, the seafood chain is considering this move to restructure its debt. The bankruptcy... Read this story
