Red Lobster not going out of business despite bankruptcy, company tells customers

Red Lobster sought to reassure customers that it will not be going out of business despite filing for Chapter 11 bankruptcy. The company issued a statement on Tuesday acknowledging its current financial hardships and stressing that a legal restructuring will allow it to strengthen its surviving restaurant locations. "Bankruptcy is a word that is often misunderstood," Red Lobster's communications team said in the statement posted to social media. "Filing for bankruptcy does not mean we are going out of business. In fact, it means just the opposite. It is a...