Red Lobster, the beleaguered seafood chain, is considering filing for bankruptcy or seeking a buyer to address its financial difficulties. The company’s debt and costly leases have hindered its operations. Despite surviving the pandemic without bankruptcy, Red Lobster has faced leadership turnover, competition from fast-casual chains, and self-inflicted issues such as its disastrous ‘endless shrimp’ promotion.
Joe’s Crab Shack, a popular casual seafood chain, is closing its Deptford, New Jersey location. The final day of business will be May 26, 2023. The closure comes after a string of other Joe’s Crab Shack locations have closed nationwide in recent years due to declining sales.
With locations in San Francisco, Marin, New York, Chicago, and Athens, Souvla has made its mark as a beloved Greek cuisine destination. Its founder, Charles Bililies, attributes its success to the restaurant’s unique blend of casual ambiance and elevated dishes, which they refer to as “fast-fine.” Souvla’s menu features traditional gyros and veggie-packed salads, all presented in a stylish setting with full-service dining amenities.
