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2024

Red Lobster reportedly looking for a buyer to avoid bankruptcy filing

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Red Lobster is seeking to hook a buyer as the struggling seafood chain attempts to avoid bankruptcy, according to a report. The fast-casual chain — known for its cheddar bay biscuits and all-you-can-eat shrimp — mulled a Chapter 11 filing in order to restructure its mounting debt, but has also sought a buyer in recent...














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