Neighbourhood Restaurants
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Red Lobster Temporarily Closes Dozens of Restaurants
The seafood chain has been losing money for years. The liquidator behind the auction said more than 50 of its U.S. locations had closed.The New York Times - Business -
Dining out is increasingly a domain of the wealthy. Restaurants are feeling it.
High-income people continue to dine in restaurants, while others are cutting back.MarketWatch - Business -
Red Lobster is closing dozens of restaurants and auctioning off equipment
Red Lobster is reportedly shuttering at least 48 of its locations, and a restaurant supply liquidator is auctioning off kitchen equipment from the impacted eateries this week.The Hill - Politics -
Stormy Financial Seas Push Red Lobster to Close Scores of Restaurants
A month after news the chain was considering Chapter 11 protection, attributing some of its losses to an all-you-can-eat shrimp promotion, the Orlando-based company reportedly shutters 88 of its 649 restaurants.Inc. - Business -
Fat Brands confidentially files to IPO its Twin Peaks and Smokey Bones restaurant chains
Fat Brands and its chair Andy Wiederhorn were criminally indicted for an alleged $47 million bogus loan scheme.CNBC - Business