Reported 7 months ago
After filing for bankruptcy due to a series of challenges including Covid-19, corporate issues, and changing consumer preferences, Red Lobster is now looking to rebound with the help of Fortress Investment Group as its potential new owner. The iconic seafood chain, facing financial woes for over a decade, is confronted with difficult decisions ahead to revitalize its brand. With Fortress closely assessing the chain's performance and focusing on shedding burdensome lease agreements, the future of Red Lobster remains uncertain amidst the evolving economic landscape.
Source: YAHOO