$100-$500 million liabilities
BurgerFi Files For Chapter 11 Bankruptcy Joining Other Restaurant Chains
BurgerFi filed for Chapter 11 bankruptcy on Wednesday, joining other restaurant chains that have already made the financial move.
$1 billion
Red Lobster Files For Chapter 11 Bankruptcy After Disaster All-You-Can-Eat Shrimp Promotion
The Seafood chain Red Lobster, which lost millions over its all-you-can-eat-shrimp promotion last year, has officially filed for bankruptcy after the chain shut down almost 100 locations last week.
Boost
Red Lobster Lost $11M In Third Quarter For Unlimited Shrimp Promotion
Red Lobster’s endless shrimp promo deal has reportedly cost the food chain $11 million dollars.