casual_dining

Former Walk-On's exec Scott Taylor named CEO of new restaurant group

By Joe Guszkowski on May 29, 2024

Cherry Bounce Hospitality will house three of Hargett Hunter's full-service restaurant holdings, including Trudy's Tex-Mex and Cajun Steamer, with more to come.

Operations

How Red Lobster plans to get back on its feet

By Joe Guszkowski on May 23, 2024

As it heads for bankruptcy and a probable sale, the seafood restaurant chain laid out a turnaround strategy that includes tech upgrades and more “sensible” menu promotions.

Financing

Red Lobster's CEO is questioning the company's relationship with its owner

By Jonathan Maze on May 21, 2024

The casual-dining chain, which filed for bankruptcy this week, is probing whether its former CEO steered all its shrimp purchasing through the company's owner, Thai Union, a shrimp supplier.

Financing

Endless Shrimp becomes pivotal issue in Red Lobster bankruptcy

By Joe Guszkowski on May 21, 2024

The chain’s CEO alleged that the promotion may have pushed more shrimp business to its largest shareholder at Red Lobster’s expense, setting the stage for a messy Chapter 11 proceeding.

Financing

Struggling Red Lobster declares bankruptcy

By Jonathan Maze on May 20, 2024

The casual-dining seafood chain, with $300 million in debt, filed for Chapter 11 bankruptcy protection in one of the biggest filings in restaurant industry history.

Marketing