The Winding Glass: What the Decline of Red Lobster Means for the U.S. Seafood Industry
The possible bankruptcy of Red Lobster is a watershed moment for the seafood industry.
Last month Bloomberg reported that Red Lobster may file for bankruptcy. This follows the announcement in January that Thai Union was ending its losing investment in Red Lobster and taking a $530 million write down.
A Red Lobster bankruptcy and restructuring would be a watershed event. Red Lobster used to be a colossus. During its heyday of rapid expansion and increasing sales in...
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