by Phil Hall | May 14, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive
The financially ailing Red Lobster restaurant chain is closing 48 of its 650 U.S. locations. Reports surfaced last month that Red Lobster was considering a Chapter 11 bankruptcy filing, but to date the company has not pursued this strategy. Thai Union Group acquired...
by Phil Hall | Apr 17, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive
The seafood restaurant chain Red Lobster is reportedly exploring a bankruptcy filing. Red Lobster has 649 restaurants, primarily in the U.S. and Canada. According to a Bloomberg News report sourced from unnamed “people with knowledge of the matter,” the...