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Bankrupt Red Lobster owes PFG $24.4m, advertising firm $13.4m

The Orlando, Florida-based company, filed Monday for Chapter 11 protection in the US Bankruptcy Court for the Middle District of Florida, listing assets of $1 billion to $10bn and estimated liabilities of $1bn to $10bn

By Jason Huffman | May 20, 2024 16:43 BST
A Red Lobster restaurant in New York, US. Red Lobster is owned by Thai Union Group. Credit: pisaphotography/Shutterstock.com
A Red Lobster restaurant in New York, US. Credit: pisaphotography/Shutterstock.com
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The Performance Food Group (PFG), one of the US' largest foodservice distribution companies, is the unsecured creditor with the most to lose as a result of the bankruptcy filing announced Monday (May 20) by restaurant giant Red Lobster [...]

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