Red Lobsteris reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company. According to areport by Bloombergciting people familiar with the discussions, Red Lobster is weighing a Chapter 11 bankruptcy filing to renegotiate burdensome leases and address oth...
The business, which sells a variety of discounted home goods, filed for Chapter 11 bankruptcy in May. At the time, the company also revealed it had received interim approval for a $45 million loan, with the hopes to continue operating its stores. "We thank our customers for ...