Red Lobster is reportedly mulling over bankruptcy, and while this is far from the end for them as a business ... some online are certainly treating it that way, with jokes galore.
Guess Who's Lookin' Summer Ready In This Shredded Pic!
According to Bloomberg, the famous seafood restaurant chain is considering its options to restructure some of its debt and other expenses it has on its plate right now -- including leases they have under its name, not to mention rising labor costs. Apparently, it's Chapter 11 bankruptcy that's on the table ... which, if they pursue that, would mean they could still run their operation while sorting out their debts with creditors, etc.
Of course, them considering filing for bankruptcy doesn't mean Red Lobster is going under ... and yet, X is having a field day with the news regardless -- with a lot of folks joking that they might need to run and grab some last-minute bites, like their famous delicious biscuits.
There's also this tidbit that some are resurfacing amid this news -- namely, the fact that Red Lobster's recent endless shrimp reportedly hurt their bottom line quite badly ... only for them to pivot to endless lobster after reporting a $12.5 million operating loss in '23's 4th quarter.Even before the $12 mil hit ... Red Lobster was bleeding cash, with reports saying they'd suffered a $19 million loss through the first 9 months of '23 ...
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Red Lobster Reportedly Considering Bankruptcy to Relieve Financial PressuresRed Lobster is weighing a Chapter 11 bankruptcy filing to renegotiate leases, address long-term contracts, and reduce rising labor costs. The seafood restaurant chain is being advised by law firm King & Spalding on the matter.
Lire la suite »
LinkedIn reportedly considering adding gaming to its repertoireThe career-focused social media site LinkedIn has some puzzle games in development, TechCrunch reported over the weekend.
Lire la suite »
How Do Grades Help Us? A Teacher Weighs In.Plus: Red Lobster, hair tantrums, and low-budget birthdays.
Lire la suite »
My Son’s Getting Ready to Walk Home AlonePlus: Green Eggs & Ham, PANDAS, and a Red Lobster update.
Lire la suite »
RED Will Continue to Support Canon RF, But Nikon is ‘Considering’ Making Cine OpticsWhile RED is now Nikon-owned, the cameras will still support Canon's RF mount. However, Nikon is looking to join the cine optics game.
Lire la suite »