casual_dining

Red Lobster could close more than 100 additional restaurants if it can't renegotiate leases

By Joe Guszkowski on May 31, 2024

The 570-unit seafood chain already closed nearly 100 locations before filing for bankruptcy in May. But it may have to close others if it can't get better terms on lease payments.

Premium

Emerging Brands

Scott Taylor hits the ground running as CEO of Cherry Bounce Hospitality

By Joe Guszkowski on May 31, 2024

The industry veteran with a knack for scaling full-service brands is bringing his expertise to three Southeastern mainstays and is on the hunt for more.

Operations

Red Robin says its turnaround efforts are working

By Joe Guszkowski on May 30, 2024

Better operations and food are helping the burger chain win back guests. Now it’s focusing on marketing, including a new loyalty program.

Operations

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

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

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

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