Red Lobster seeks bankruptcy protection after closing dozens of restaurants
by Associated Press from Economics | The Guardian on (#6MY25)
US seafood restaurant chain has been struggling with lease and labor costs, and promotions such as its all-you-can-eat shrimp deal
Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering dozens of restaurants.
The US seafood restaurant chain has been struggling for some time with lease and labor costs piling up in recent years and also promotions such as its signature all-you-can-eat shrimp deal.
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