Is Red Lobster's Bankruptcy the End for This Beloved Chain?

Is Red Lobster's Bankruptcy the End for This Beloved Chain? jeepersmedia / Flickr A report from Bloomberg today says that Red Lobster has engaged with a law firm as it decides whether to declare bankruptcy. With 649 locations spread throughout the United States, Red Lobster is one of the country’s more well-known sit-down chains.And yet, today it’s struggling under many difficulties including onerous leases, rising labor costs, and promotions like its Endless Shrimp promotion that led to significant losse ...