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US chain Red Lobster considers Chapter 11 bankruptcy as labor costs, debt mount

US-based restaurant chain Red Lobster is reportedly contemplating a Chapter 11 bankruptcy filing as part of efforts to manage escalating debt

By Undercurrent News | April 17, 2024 15:50 BST
Credit: Red Lobster
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US-based restaurant chain Red Lobster, which is backed by Thai Union Group, is reportedly considering a Chapter 11 bankruptcy filing as part of efforts to manage escalating debt, reports Bloomberg.  [...]

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