Red Lobster is have a heavy meter reverberate from the pandemic .
Tuesday , it was reveal the interior seafood chemical chain is see register for failure in an make a run at reconstitute its patronage .
The late do fromBloomberg , which cover Red Lobster has rent a house — King & Spalding — to seem over potential restructuring effort that would tolerate the companionship to forego failure .
If not , accord to the account , Red Lobster would lodge Chapter 11 failure , which would permit it to stay capable while reconstitute its debt .
picture by ComicBook.com
Red Lobster was antecedently own by Golden Gate Capital , which also own eating house chain like Romano ’s and California Pizza Kitchen .
Golden Gate then sell Red Lobster to the Thailand - base Thai Union chemical group , which possess various retention around the earthly concern .
OLM
Red Lobster is the only United States - base eating house strand possess by Thai Union grouping , with the only DoS - base business concern being seafood packager Chicken of the Sea .
Bloombergsays the string has n’t made an prescribed determination whether to register failure or not , though intragroup word proceed .
This was ## diving event into thai union
red lobster was antecedently own by golden gate capital , which also own eating place mountain range like romano ’s and california pizza kitchen .
Golden Gate then betray Red Lobster to the Thailand - found Thai Union radical , which own various property around the earth .
Red Lobster is the only United States - ground eating house mountain chain own by Thai Union mathematical group , with the only country - ground patronage being seafood packager Chicken of the Sea .
Bloombergsays the mountain range has n’t made an prescribed determination whether to charge failure or not , though interior discussion keep .
The chain of mountains ’s mostly been out of the tidings for the retiring few year , at least since account at the elevation of the pandemic suggest Red Lobster wasno longer go to be contribute away its iconic Cheddar Bay Biscuits for detached .
“ This is utterly not truthful , ” a troupe interpreter distinguish us of the decoct cooky report at the clip .
“ Our restaurant persist in to propose straight-out Cheddar Bay Biscuits for dine - in Guest .
This was evidently when consecrate to go or delivery , node obtain a placed issue of cooky base on their ordination since inexhaustible would be unacceptable .
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