Tag Archives: Red Lobster

Bloomberg News reports: Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. The Orlando, Florida-based company filed for Chapter 11 protection on Sunday, listing assets and liabilities of $1 billion to $10 billion each in its bankruptcy petition. The filing allows the company to keep operating while it …

NBC News reports: More than 50 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future. In a post Monday on LinkedIn, Neal Sherman, founder and CEO of TAGeX Brands, a liquidation firm, announced he was leading the closure of more than 50 Red Lobster locations, with the restaurants’ equipment to be auctioned …

Bloomberg News reports: Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter. Red Lobster has been getting advice from law firm King & Spalding, said the people, who asked not to be identified discussing a private matter. The dining chain is considering …

The York Daily Record reports: A backlog of Mother’s Day orders led to an altercation outside the East York Red Lobster on Mother’s Day. On Sunday, May 10, a video captured a few Red Lobster employees forcefully ushering a patron outside the restaurant’s main entrance. In the video, the customer demands a refund several times before swinging at an employee. …

The Wrap reports: Tucker Carlson has lost another advertiser: seafood chain Red Lobster confirmed to The Wrap that it will drop the prime time Fox News program. “Red Lobster’s advertising buying guidelines reflect our core values and commitment to supporting programming that represents the highest standards of good taste, fair practice and objectivity. We reserve the right to make changes …

Beyonce’s new single Formation contains this immortal line: “When he fuck me good I take his ass to Red Lobster.” Immediately following her Super Bowl performance of the song – albeit a cleaned up version – the Twitterverse hovered over Red Lobster’s feed, hoping for an amusing or at least meme-worthy reaction. But it was a long eight hours before …