[NewYorkPost] Red Lobster reportedly weighs possible Chapter 11 bankruptcy filing as labor costs soar
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Red Lobster is reportedly weighing a possible Chapter 11 bankruptcy filing in order to restructure its mounting debt. The seafood restaurant chain — which has 649 locations nationwide — has sought advice from law firm King & Spalding on how to shed some long-term contracts and renegotiate a chunk of its leases, people with knowledge…
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