Zakiya is a staff writer with STOREYS. She has reported on real estate for Apartment Therapy, Curbed, and Post City Magazines. She also writes a quarterly series for a Canadian design publication.
In what is being dubbed around the web as ‘a win for lobsters,’ Red Lobster has filed for bankruptcy protection.In a move that is being dubbed around the web as ‘a win for lobsters,’ Red Lobster has filed for bankruptcy protection. This closely follows the abrupt — and apparently, maybe temporary? — closure of dozens of stores across the United States as the company enters into restructuring.
“The Company has been working with vendors to ensure that operations are unaffected and has received a $100M debtor-in-possession financing commitment from its existing lenders,” it adds. In short, there is some hope for Red Lobster, for all you Cheddar Bay Biscuit lovers out there. But it might not be something you want to hold your breath for.
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