Struggling Seafood Chain Red Lobster Considers Bankruptcy Filing
Red Lobster, the well-known seafood restaurant chain, is considering filing for Chapter 11 bankruptcy as it seeks to restructure its debt, according to multiple reports. The company has been facing financial challenges, including heavy lease obligations and high labor costs, which have weighed down its cash flows. Red Lobster, which started out as a single … Continue reading Struggling Seafood Chain Red Lobster Considers Bankruptcy Filing
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