Financing
Red Lobster's comeback has yet to materialize
Sales at the seafood chain declined last year, data shows, and it’s dealing with some of the same challenges that led to its bankruptcy. Ownership says it's still committed to the turnaround effort.
Financing
Red Lobster could close more restaurants, CEO says
The casual-dining seafood chain is reviewing its footprint and could shed dozens of locations as it works to rebound from its 2024 bankruptcy, the Wall Street Journal reported.