Red Lobster filed for Chapter 11 Bankruptcy this past Sunday. I read through the bankruptcy filing and I found the story quite interesting. I actually have never eaten at Red Lobster. I grew up in Taiwan with amazing seafood so I am not a big fan of seafood in America. Therefore, I never try Red Lobster. But according to the filing, Red Lobster is the largest Seafood restaurant chain in America with $2B annual revenue and 36,000 employees. Red Lobster purchases 20% of all North American lobster tails and 16% of all rock lobsters sold worldwide!!!!
5/22/2024: Red Lobster Files for Bankruptcy
5/22/2024: Red Lobster Files for Bankruptcy
5/22/2024: Red Lobster Files for Bankruptcy
Red Lobster filed for Chapter 11 Bankruptcy this past Sunday. I read through the bankruptcy filing and I found the story quite interesting. I actually have never eaten at Red Lobster. I grew up in Taiwan with amazing seafood so I am not a big fan of seafood in America. Therefore, I never try Red Lobster. But according to the filing, Red Lobster is the largest Seafood restaurant chain in America with $2B annual revenue and 36,000 employees. Red Lobster purchases 20% of all North American lobster tails and 16% of all rock lobsters sold worldwide!!!!