Red lobster

After bankruptcy, the iconic seafood chain is closing several restaurants

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After bankruptcy, the iconic seafood chain is closing several restaurants

After filing for bankruptcy, closing dozens of locations and facing mounting losses, a once-iconic seafood chain is now considering additional restaurant closings to stabilize its business and return to growth. For many customers, the chain’s financial woes signaled the potential end of an era, taking with it its Cheddar Bay crackers and popular Endless Shrimp … Read more

Rival Mexican chain Chipotle has closed all its restaurants

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Rival Mexican chain Chipotle has closed all its restaurants

In many cases, a Chapter 11 bankruptcy does not mean the end of a restaurant chain. That’s at least in part because brand names have value, and as long as the finances can be worked out with lenders, there will usually be more investors willing to get behind a Red Lobster comeback than those who … Read more