Red Lobster is actively seeking a buyer to avoid filing for bankruptcy, as reported by various sources including CNBC, NBCPhiladelphia, and nypost. The seafood chain's financial struggles have led to this strategic move to secure its future.
Red Lobster estimated its endless shrimp promotion had resulted in an approximately $11 million in operating loss for Q3 2023. Now, Red Lobster is reportedly considering filing for Chapter 11 bankruptcy as it continues to reel from its financial losses. https://t.co/BHOrcAvug3
Stop telling me the top is in If this was 2021 we’d have $300 million ready and buy Red Lobster https://t.co/TuEGK1ODUL
Buy the Lobster. Do a collab with Crocs. Add boba tea to the menu. GenZ discovers cheddar bay biscuits. Cut, print, send. This’ll mint millions. https://t.co/jgj9VTqYHn
Could 'endless shrimp' spell the end for Red Lobster?. https://t.co/P2wV1NSIDK Click the image to read more:
Could 'endless shrimp' spell the end for Red Lobster? https://t.co/EJ4f8PLjmZ
If Red Lobster is willing to divest just the Cheddar Bay Biscuits portion of the business, we’ll buy it. https://t.co/XevfdZ4Jyr https://t.co/WZMtKybR1r
Red Lobster is seeking a buyer to avoid bankruptcy filing, per CNBC.
Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, @CNBC has learned. https://t.co/hXtS4xVJmU
Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned. https://t.co/6t9PXKF7h5
Red Lobster reportedly looking for a buyer to avoid bankruptcy filing https://t.co/geCu8adPyJ https://t.co/BZQcHeCOOo
Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, @CNBC has learned. https://t.co/j5spRiNepK
Red Lobster seeks a buyer as it looks to avoid bankruptcy filing https://t.co/RFQXDgmAKO