Type: bankruptcy

Salad and Go's Chapter 11 bankruptcy filing and closure of all locations highlight the severe impact of strategic missteps and a cyclospora outbreak on the fast-casual salad chain's viability.

Red Lobster's financial struggles are highlighted in a lawsuit against former controlling shareholder Thai Union, which alleges that the seafood producer's actions contributed to the chain's insolvency and bankruptcy filing. This situation underscores the risks associated with corporate governance and the impact of promotional strategies on financial health.