Red Lobster has filed for Chapter 11 bankruptcy, but don’t worry: You can still get the seafood chain’s famous buttery Cheddar Bay Biscuit mix in stores across the country.
Red Lobster made the filing late Sunday, just a few days after it announced that it would be shutting down dozens of locations in the U.S. amid financial difficulties. Its restaurants will remain open and continue operating during the bankruptcy proceedings, the company said in a press release.
“This restructuring is the best path forward for Red Lobster,” Chief Executive Officer Jonathan Tibus said in a statement on the restaurant chain’s website. “It allows us to address several financial and operational challenges and emerge stronger and re-focused on our growth. The support we’ve receive…