Media Summary: Promotions like the all-you-can-eat shrimp, meant to draw people to the restaurants, ended up hurting The company plans to sell its business to its lenders. The restaurant says it plans to sell substantial all of it's assets, it has about $294M in debt.
Red Lobster Files For Chapter 11 Bankruptcy - Detailed Analysis & Overview
Promotions like the all-you-can-eat shrimp, meant to draw people to the restaurants, ended up hurting The company plans to sell its business to its lenders. The restaurant says it plans to sell substantial all of it's assets, it has about $294M in debt. Promotions like the all-you-can-eat shrimp, meant to draw people to the restaurants, hurt CNBC's Andrew Ross Sorkin reports on the latest news. Analysts say endless shrimp promotion was not the reason
The fast casual seafood restaurant abruptly closed at least 99 locations across the country last week. Subscribe to ABC News on ...
