Finance

Iconic US seafood restaurant chain Red Lobster files bankruptcy

Speculation has been building for months that the struggling chain was preparing to seek bankruptcy protection.

The once high-flying US seafood chain is now bankrupt and its future is unknown.
The once high-flying US seafood chain is now bankrupt and its future is unknown.Photo: Pisaphotography / Shutterstock.com
Red LobsterThai UnionFoodservice
Published 20 May 2024, 05:54Updated 1 June 2024, 00:38