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Red Lobster considering bankruptcy filing: report
Fox News ^ | 4/16/2024 | Eric Revell

Posted on 04/16/2024 6:40:18 PM PDT by Zhang Fei

Red Lobster is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company.

According to a report by Bloomberg citing people familiar with the discussions, Red Lobster is weighing a Chapter 11 bankruptcy filing to renegotiate burdensome leases and address other long-term contracts as well as rising labor costs.

The outlet reported that the seafood restaurant chain is being advised by law firm King & Spalding on the subject, and that while discussions about restructuring are ongoing and that no final decisions have been made about a bankruptcy filing.

By filing for Chapter 11 bankruptcy, the company could continue to operate while it works with creditors and investors to put in place a debt reduction plan that would allow it to head into the future on a better financial footing.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; US: Florida
KEYWORDS: bankruptcy; casualdining; economy; fl; food; redlobster; restaurant
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To: frank ballenger
🤣🤣🤣👍

CC

41 posted on 04/16/2024 9:57:05 PM PDT by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: Roman_War_Criminal

I used to get their New York Strip when I’d go with my parents.

Back about 1980 or so.


42 posted on 04/16/2024 10:22:44 PM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: Tijeras_Slim

I’m still trying to figure out the last time I was at a Rax Roast Beef and what I got. I guess a roast beef sandwich, duh. But that was a long time ago.

Back when there were various “Big Boy” franchises.

And Nickerson Farms.

And Taco Tico.


43 posted on 04/16/2024 10:25:05 PM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: Red Badger; dfwgator

[I haven’t gotten over Macho Grande!..........]

Oh. When will you be back?


44 posted on 04/16/2024 10:26:49 PM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: Zhang Fei

My friend always called it “Red Dumpster”


45 posted on 04/17/2024 2:36:45 AM PDT by rebelskid
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To: SaveFerris

I’ll never get over Macho Grande!.........................


46 posted on 04/17/2024 5:07:18 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: FrankRizzo890

That's why I have a drinking problem..................

47 posted on 04/17/2024 5:13:05 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Deepeasttx

Haven’t heard Tyler, TX, mentioned in a long, long time. I was stationed in Germany, 1966-67, one of the Com Center guys, was from Kilgore, TX. He always mentioned the Tyler Drill Team.


48 posted on 04/17/2024 5:13:27 AM PDT by Capt_Hank (btu's...kcal's...to kJ's, but my activation energy is still high.)
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To: Zhang Fei

Another one bites the dust?


49 posted on 04/17/2024 7:22:44 AM PDT by ducttape45 (Proverbs 14:34, "Righteousness exalteth a nation: but sin is a reproach to any people.")
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To: ducttape45

All restaurants will eventually be Taco Bells.


50 posted on 04/17/2024 7:26:02 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Zhang Fei

Maybe they outta serve hamburgers and hotdogs.


51 posted on 04/17/2024 1:15:53 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: Zhang Fei

Red Lobster is horrible...and yes, I’m a seafood lover.


52 posted on 04/17/2024 3:22:36 PM PDT by dinodino ( Cut it down anyway. )
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To: minnesota_bound

Maybe they outta serve hamburgers and hotdogs.


They do have burgers, and chicken, on the menu:

https://www.redlobster.com/menu/bowls-sandwiches/bacon-cheeseburger
https://www.redlobster.com/menu/bowls-sandwiches/classic-caesar-salad-with-grilled-chicken


53 posted on 04/17/2024 5:42:31 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room)
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To: HartleyMBaldwin

The cheddar biscuits were the only good thing about them.


54 posted on 04/18/2024 5:18:00 PM PDT by No name given (Anonymous is who you’ll know me as)
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To: dinodino

I know.


55 posted on 04/18/2024 5:18:14 PM PDT by No name given (Anonymous is who you’ll know me as)
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To: TribalPrincess2U

Yes, it was once a favorite of mine and the hubby’s. Now I make better seafood at home.


56 posted on 04/18/2024 5:20:38 PM PDT by AmericanMermaid
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To: Brandonmark

You can buy the cheddar bay biscuits frozen they are excellent!!!


57 posted on 04/18/2024 5:26:23 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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