seafood

Financing

Red Lobster closes dozens of locations nationwide

The wave of at least 99 closures across the country comes as the seafood chain reportedly considers a bankruptcy filing.

Financing

Red Lobster owner expects to sell its share of the chain this year

Thai Union Group is “actively engaged” in negotiations with potential buyers for its stake in the struggling seafood chain.

The struggling seafood chain is hoping Chapter 11 protection will help it restructure its debt while keeping its restaurants operating, according to Bloomberg.

The bar chain has added food from Krispy Rice at 140 locations in a bid to appeal to younger consumers.

As consumers continue to prioritize sustainability and environmentally friendly foods, menuing seafood that’s traceable is a great way to appeal to diners.

The state-of-the-art facility in Milford, Mass., replaces Legal’s aging Quality Control Center and will house a growing ecommerce business, among other operations.

The two-story restaurant on Chicago’s riverfront will be the chain’s first outside the East Coast in its 73-year history.

The fast-growing Japanese brand wants to bring sushi to the American masses by outsourcing much of the work to machines.

Sales at the Chicago-based chain are up double-digits this year, fueling big expansion plans.

The seventh fastest grower on this year's list brings value back to the full-service seafood market.

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