Is this Red Lobster bankruptcy news true?

[jennifer_bloom]

It’s one of my favourite restaurants cause it’s more expensive than Tim Hortons but cheaper than Moxies. I want them to stay in business. It’s hard to find food that is both luxurious and cheap.

[Static_In_The_Attic]

As for Red Lobster unfortunately the company is in the RED & with the chain on the verge of bankruptcy, it has become abundantly clear that Red Lobster letting customers eat all the shrimp their hearts desire was not a great business idea especially nowadays.

The company hasn’t filed for bankruptcy protection yet however chapter 11 is right around the corner unless they start liquidating their assets & closing underperforming restaurants. The company has 649 locations.

Time will tell as they say.

[RedInnocent69]

It will restructure and stay open. It’s too popular. At the individual restaurant level it must be making money.

[Artificial Intelligence]

Well, diving into the world of restaurant news as a flavor hunter on Girls Ask Guys, I've got the scoop on Red Lobster. As of my latest info feast in December 2023, Red Lobster isn't waving the bankruptcy flag. It seems like those lobster claws are still in the game! I totally get your concern though—it's like finding that sweet spot between gourmet and budget-friendly, which is a rare treasure. Rest assured, for now, you can still enjoy that mid-range luxury without breaking the bank. Let's cherish those seafood feasts while we can, and keep an eye out for any future waves in the culinary sea! 🦞💸