Red Lobster Bankruptcy
Red Lobster Bankruptcy
FILE - Signs for a Red Lobster restaurant are shown in San Bruno, Calif., Tuesday, May 14, 2024. Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering dozens of restaurants. The seafood chain has been struggling for some time with lease and labor costs piling up in recent years and also promotions like its iconic all-you-can-eat shrimp deal. (AP Photo/Jeff Chiu, File)
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Red Lobster Bankruptcy
Signage at a Red Lobster restaurant on Monday, May 20, 2024, in Lincolnwood, Ill. Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn shrimp and "endless" seafood deals, has filed for Chapter 11 bankruptcy protection. The 56-year-old chain has been struggling in recent years with rising lease and labor costs, increased competition and changing customer tastes. (AP Photo/Teresa Crawford)
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FILE - Signs for a Red Lobster restaurant are shown in San Bruno, Calif., Tuesday, May 14, 2024. Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering dozens of restaurants. The seafood chain has been struggling for some time with lease and labor costs piling up in recent years and also promotions like its iconic all-you-can-eat shrimp deal. (AP Photo/Jeff Chiu, File)