Red Lobster Files for Bankruptcy Analyzing the Seafood Chain’s Financial Woes
Red Lobster, the iconic seafood restaurant chain known for bringing affordable shrimp and lobster to middle-class America, has filed for Chapter 11 bankruptcy. The company, which has been a staple in the casual dining sector for decades, cited over $1 billion in debt and less than $30 million in cash on hand as primary reasons […]
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