New owners for Red Lobster revealed - as it emerges the debt-ridden chain owes $21 million for shrimp alone
Bankrupt Red Lobster announced its new owners Monday, while also letting it slip that it may owe its parent company an eye-watering amount for millions of pounds of shrimp. RL Purchaser LLC, a entity comprised of Red Lobster's lenders, made the initial bid that has so far gone unchallenged by any outside parties. The troubled seafood chain filed for bankruptcy in May days after shuttering nearly 100 restaurants in the US.
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