After the beleaguered seafood restaurant chain filed for bankruptcy, the comedian waded into the conversation.
Comedian Rob Schneider has weighed in on Red Lobster's financial woes after the company's bankruptcy filing and the abrupt closure of dozens of its restaurants.Last week, restaurant liquidator TAGeX Brands wrote on X that it was leading the closure of more than 50 Red Lobster locations throughout the U.S. and auctioning kitchen equipment and furniture.
Will remain in business while closing some locations,' wrote one. Another said that 'bankruptcy isn't a death sentence, sometimes it can even help a company to grow.'Red Lobster's bankruptcy filing and restaurant closures followed years of struggles with declining sales and profits, significant debt, unfavorable lease terms and repeated turnover of executives who didn't solve the company's problems.
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