Red Lobster is preparing to exit Chapter 11 bankruptcy protection. A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan on Thursday, allowing a lender group led by asset manager Fortress to acquire the business. ...
Red Lobster has filed for Chapter 11 bankruptcy protection amid rising costs and an all-you-can-eat shrimp deal that backfired.
Red Lobstermay be dealing with bankruptcy issues, but that hasn’t stopped the seafood giant from moving forward with a new signature meal. Keep scrolling to see social media reactions to their latest partnership. The restaurant chain recently announced a brand new signature meal. It’s called ...