Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator.

48/650 locations so it’s not bad YET. But generally these things don’t get better.

  • @chonglibloodsportEnglish
    9•5 months ago

    Yes. This is corporate raiding 101. This also happened to Instant Pot. The founder cashed out big time!