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Red Lobster Reportedly Considering Bankruptcy Filing

Red Lobster Reportedly Considering Bankruptcy Filing

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...
MOD Pizza Denies California Restaurant Closings Were Tied to Minimum Wage Hike

MOD Pizza Denies California Restaurant Closings Were Tied to Minimum Wage Hike

by Phil Hall | Apr 9, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The MOD Pizza chain is denying reports that it shut down five of its California eateries because the state raised the minimum wage to $20 an hour. According to a report by the pizza industry news site PMQ.com, MOD Pizza closed 26 locations over the past few weeks – in...
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