It’s a disaster for Arkansas and anyone who loves their buttery garlic biscuits!
Multiple sources including Bloomberg and The New York Post say Red Lobster is considering bankruptcy. The news comes just one year after a Red Lobster location in Hot Springs, Arkansas made history nationally.
No More Buttery Garlic Biscuits?
As the popular seafood restaurant Red Lobster struggles to structure its debt, people with knowledge of the matter say the chain is thinking about filing for Chapter 11 bankruptcy.
A law firm is reportedly behind a push to get the chain to file for bankruptcy.
The news comes just one year after a Red Lobster location in Hot Springs drew the attention of scientists after discovering a one in 30 million lobster. Scientists wanted to study it.
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