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Toys "R" Us [nb 1] is an American toy, clothing, and baby product retailer owned by Tru Kids (doing business as Tru Kids Brands) and various others. The company was founded in 1948; its first store was built in April 1948, with its headquarters located in Parsippany-Troy Hills, New Jersey, in the New York metropolitan area .
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. Now the restaurants can't pay the rent.
Red Lobster's private equity owners saddled it with overpriced leases and overpriced shrimp, then blamed customers for its problems.
Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy.
Red Lobster: Sign up for My Red Lobster Rewards, and complete your profile online, to receive a free birthday reward.
Red Lobster isn’t the only one in the industry expressing concerns about the impact of rising minimum wages on its business. After California raised the minimum wage for employees at fast food ...
Red Lobster wants to close more of restaurants following its bankruptcy and it has identified which ones are in danger of shutting if the court approves.
Red Lobster is in trouble. Its solution: all-you-can-eat lobster, just months after an endless shrimp promotion led to deep losses that the company is still trying to dig out of.