Tag: red lobster

BUSINESS

Red Lobster In Bankruptcy Act

According to press reports, Red Lobster has filed for voluntary Chapter 11 bankruptcy in Florida, the company confirmed in a statement late Sunday night.The 56-year-old seafood chain — the largest of its kind in the U.S. — said it would “drive operational improvements, simplify the business through a reduction in locations, and pursue a sale of substantially all of its […]