Red Lobster Management LLC

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Case Number:

6:24-bk-02486

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Court:

Florida Middle

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Firms

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  1. December 16, 2024

    Restaurants Struggled In 2024 As Costs Rose, Visits Fell

    Many restaurants have faced challenges this year, grappling with the lingering effects of the COVID-19 pandemic, rising inflation and difficulty passing costs onto increasingly price-sensitive patrons — pressures that are expected to persist into the next year, experts told Law360.

  2. September 23, 2024

    Decline And Fall: Brand Empires That Hit Bankruptcy

    When food container maker Tupperware filed for Chapter 11 in Delaware last week, disclosing more than $1 billion in liabilities and plans for a quick sale, it became the latest iconic brand to seek relief from financial woes in bankruptcy court, following in the footsteps of giants from Rite Aid to RadioShack.

  3. September 09, 2024

    Red Lobster Plan Confirmed, Big Lots Leads New Ch. 11s

    A string of new Chapter 11 bankruptcies were recently launched in Delaware, including a case from national discount home goods retailer Big Lots, which plans to pursue a going-concern sale. Meanwhile, seafood dining chain Red Lobster is on track to hand over the reins to a new group of owners, led by a secured lender, after the debtor secured confirmation of its Chapter 11 plan.

  4. September 06, 2024

    PE-Backed Red Lobster Has Rocky Route To Post-Ch. 11 Profit

    With court approval of its reorganization plan secured, Red Lobster will soon exit bankruptcy with new owners, a 35-year-old chief executive, $60 million in fresh funding and about 100 fewer restaurants. But to pull off its planned turnaround, the seafood chain must revitalize its brand in a tricky market for casual-dining restaurants, and the next 12 months will be critical, experts told Law360.

  5. September 05, 2024

    Red Lobster Gets Confirmation For Ch. 11 Exit Plan

    A Florida bankruptcy judge signed off Thursday on a plan for seafood restaurant chain Red Lobster to exit bankruptcy just under four months after filing for Chapter 11 protection.