A group of lenders to Red Lobster Management LLC is considering bidding for assets through a potential Chapter 11 sale process and seizing control of the seafood restaurant chain, according to people familiar with the matter.
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Why Red Lobster’s ‘Endless Shrimp’ Is Too Much of a Good ThingRed Lobster is in trouble. After it filed $11 million in third-quarter operating losses, the seafood chain’s parent company has announced it will sell its...
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