The troubled chain for bankruptcy protection in its home state of Florida. It has lined up $100 million to pay employees and fund other day-to-day expenses. The newly appointed skipper dropped a whopper of a report that targeted some of the decisions that cast the business adrift
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. Now the restaurants can't pay the rent.
How a global seafood giant broke Red Lobster biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
How a global seafood giant broke Red Lobster cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.