Red Lobster Mulls Possible Bankruptcy Filing Amid Debt And Rising Labor Costs

ROHNERT PARK, CALIFORNIA - APRIL 17: A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Red Lobster is considering filing for Chapter 11 bankruptcy to address rising labor costs and in hopes of renegotiating property leases and long-term contracts. (Photo by Justin Sullivan/Getty Images)
Red Lobster Mulls Possible Bankruptcy Filing Amid Debt And Rising Labor Costs