By Jeff Field | Published June 24, 2024 | Posted in Bankruptcy, Chapter 11 | Tagged Tags: bankruptcy, chapter 11, Red Lobster | Leave a comment
Allegations of Self-Dealing Complicate Red Lobster Bankruptcy
After successfully emerging from a Chapter 11 bankruptcy proceeding filed in 2020, Red Lobster is once again seeking protection from creditors. Many potential causes have been cited for the financial troubles afflicting the popular chain of seafood restaurants. Numerous mid-priced competitors have experienced similar problems maintaining their customer base while “fast casual” brands, such as Read More
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