Red Lobster closures: 3 charts show what went wrong

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1. By Joe Edwards:

   Red Lobster, the embattled casual dining seafood restaurant, filed for chapter 11 bankruptcy on Monday, placing 550 locations across the U.S. in dangerous waters.

   Earlier in May, the company abruptly announced the closure of 99 restaurants across 27 states, with much of the blame for the decision landing on poor management and costly shrimp deals.

   Read more: [https://www.newsweek.com/red-lobster-closures-3-charts-what-went-wrong-1902904](https://www.newsweek.com/red-lobster-closures-3-charts-what-went-wrong-1902904)