Red Lobster exploring possible bankruptcy filing

The exterior of a Red Lobster restaurant
Struggling seafood restaurant chain Red Lobster is exploring bankruptcy after years of poor performance | Photo courtesy of ADXco/Shutterstock
2 Min
Less than a month after hiring a CEO that specializes in restructuring failing restaurant brands, struggling seafood restaurant chain Red Lobster is exploring bankruptcy. Executives with Orlando, Florida, U.S.A.-based Red Lobster, which operates around 650 restaurants globally, have been seeking advice from the Atlanta, Georgia, U.S.A.-based King & Spalding law firm as they consider filing Chapter 11 bankruptcy, Bloomberg reported. The news service cited people with knowledge of the matter who…

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