Red Lobster said it will use the bankruptcy proceedings to simplify its operations, close restaurants, and pursue a sale.
Last fall, Red Lobster lost millions of dollars on its Ultimate Endless Shrimp promotion, which charged $20 for all-you-can-eat shrimp deal.
#red-lobster #chapter-11-bankruptcy #restaurant-industry #financial-reorganization #corporate-restructuring
Collection
[
|
...
]