Bret Weinstein, the CEO and founder of Guide Real Estate, discusses how Colorado's current housing market compares to national real estate trends.
WASHINGTON — Dozens of Red Lobster locations across the country abruptly shuttered their doors on Monday.
More than 80 Red Lobster locations in at least 27 states were listed as"temporarily closed" on the restaurant's website. Workers at the shuttered restaurants shared their disbelief on social media and said they received no notice whatsoever. The closures come as bankruptcy rumors circled the seafood restaurant chain in recent weeks. Red Lobster has been searching for a buyer to avoid filing for Chapter 11,The Orlando-based chain, known for its endless shrimp deals, has reportedly been eyeing bankruptcy filing to restructure its debt and downsize from its 650 US locations,For years, Red Lobster faced a multitude of difficulties — both financially and internally.
In 2021 and 2022, the company saw a new CEO, chief marketing officer, chief financial officer and chief information officer join the C-Suite. All of them left within two years,Last summer, the company revived their endless shrimp menu deal, which led to a $11 million loss for the seafood chain,KUSA would like to send you push notifications about the latest news and weather.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Power Rangers’ Most Shocking Hero Death Confirmed The Franchise’s Greatest Red RangerIn Space Red Ranger, Lost Galaxy Red Ranger, and Mighty Morphin Red Ranger
Read more »
Power Rangers’ New Red Ranger Reignites A 28-Year-Old Debate The Show Never SettledThe Zeo Red, Cosmic Fury Red, and Mighty Morphin Red Rangers in Power Rangers
Read more »
Red Lobster Is Reportedly Close to Filing for BankruptcyYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Read more »
How 'endless shrimp' may have ended Red LobsterRed Lobster faces potential bankruptcy after its 'Ultimate Endless Shrimp' promotion, designed to boost customer traffic with its low price point, led to substantial financial losses and failed to improve the company's bottom line.
Read more »
Red Lobster Seeks Buyer Avoids Bankruptcy FilingCNBC Retail Reporter
Read more »
Red Lobster seeks a buyer as it looks to avoid bankruptcy filingBeleaguered seafood chain Red Lobster is looking for a buyer to avoid filing for bankruptcy as it contends with slower sales and costly leases.
Read more »