A beloved seafood restaurant chain is contemplating filing for Chapter 11 bankruptcy to address its substantial debt.
The potential bankruptcy is attributed to various factors, including the impact of the all-you-can-eat option, such as the $20 Ultimate Endless Shrimp deal, which reportedly cost the company $11 million in the third quarter alone, as reported by Restaurant Business.
Speculation about the fate of menu items has sparked discussion online.
Red Lobster Locations:
- Red Lobster Kentwood: 3920 28th St SE, Kentwood, MI 49512
- Red Lobster Muskegon: 1681 E Sternberg Rd, Muskegon, MI 49444
The potential bankruptcy’s impact on these West Michigan locations remains uncertain.