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Tuesday, June 25, 2024

It wasn’t just the endless shrimp: Red Lobster’s troubles detailed in bankruptcy filing

Red Lobster’s Chapter 11 bankruptcy filing and the closing of multiple locations of the Florida-based chain are the culmination of massive debt, a carousel of CEOs, an all-you-can-eat shrimp controversy and an overall decline in guests. Bankruptcy documents filed in the Middle District of Florida …

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