Nine months after Red Lobster abruptly closed all of its Jacksonville locations as the nationwide seafood chain sought bankruptcy protection, the vacant restaurants are showing signs of new life.
Filing for bankruptcy would allow Red Lobster to keep its business going while reducing its debts and expenses, Bloomberg reported.
Red Lobster has cut some of its corporate-level workforce and is working to renegotiate costly leases pressuring its ...
For a few years now, Red Lobster has made the news for all the wrong reasons. The once-extremely-popular seafood chain has suffered a significant drop in sales since 2019, causing leadership to file ...