Christiansburg Red Lobster to remain open despite national bankruptcy [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance
On Sunday, May 19, Red Lobster filed for Chapter 11 bankruptcy protection a week after closing over 93 locations across the nation. It is believed multiple reasons led the company to take this action, including inflation, operational missteps, and underperforming locations. RELATED STORY: Red Lobster seeks bankruptcy protection days after closing dozens of restaurants In their statement made to Facebook , Christiansburgs' Red Lobster explained that bankruptcy will allow the company to continue operating in the area while their executives and personnel can make the necessary changes to continue to move the Red Lobster company forward. They finish the statement by saying they are here and ready to continue making memories with their customers. For more information, visit the Red Lobster website Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming
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