Red Lobster, an American Seafood Institution, Files for Bankruptcy
Briefly

Versatile and resilient, the lobster survives by molting, shedding its skin and growing into a new, bigger shell. But eventually, energy runs low and the transformation becomes more difficult. For Red Lobster, one of America's best-known shellfish ambassadors, has reached this stage in its life cycle...
In its heyday, Red Lobster had obtained coveted status among suburban dining options: affordable enough to be accessible, fancy enough to be aspirational. Despite its founding in Orlando, Fla., the chain drew much of its inspiration from Bar Harbor, a tourist destination off the rocky Atlantic coast of Maine...
Read at www.nytimes.com
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