Red Lobster Bankruptcy: Latest Court Docs Reveal New $3.7 Million Claim From Thai Union

According to recent court documents filed by Thai Union in Red Lobster’s chapter 11 bankruptcy case, the seafood restaurant chain owes them approximately $3.7 million.

Red Lobster voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the US. Bankruptcy Court for the Middle District of Florida this past May. The news came shortly after the chain abruptly closed a staggering amount of restaurants and engaged in a public liquidation of select restaurants. 

Since filing for bankruptcy, Red Lobster has...

Maggiano’s Little Italy Looking To Next Chapter While Under New Leadership

In December industry veteran Dominique Bertolone was appointed as the President of Maggiano’s Little Italy and SVP of Brinker International, the parent company of Chili’s, Maggiano’s and virtual brand Just Wings. Now, a little more than halfway through the year, the Italian-American dining chain is introducing its next chapter that “sets the standard for Italian-American dining.”

"We are stepping into an incredibly exciting time at Maggiano's, bringing new and elevated elements inspired by luxurious experiences from Las Vegas and Italy, to our...

Remember the Good Times: Red Lobster Encourages Customers To Stick With Them Through Bankruptcy

Red Lobster is finally addressing its customers after filing for Chapter 11 Bankruptcy on May 19. On Tuesday evening a letter was sent out to the seafood chain’s “valued guests,” and it really pulls at the heartstrings.

The letter states: “For more than five decades Red Lobster has been a part of your family’s life. We’ve been there for your celebrations, big and small. We may be the place that you first discovered your love of seafood. Or where you met...

Full-Service Restaurants: The Busiest Hours, Reservation Insights, and Popular Proteins by State

Toast (NYSE: TOST), the all-in-one digital platform built for restaurants, today announced its Q3 2023 Restaurant Trends Report, providing insight into the overall state of the U.S. restaurant industry through an analysis of aggregated data from selected cohorts of restaurants and in select U.S. metropolitan areas on the Toast platform, which serves approximately 99,000 restaurant locations as of September 30, 2023.

This report looks into dinner service transaction data from full-service restaurants on the Toast platform in 17 metropolitan statistical areas...

Bringing Menus to the Digital Age

Dive deep into the modern-day dining experience with Tabmeal – a trailblazing digital platform that’s making waves on Kickstarter. Forget those monotonous QR codes that lazily lead to a standard PDF menu. With Tabmeal, we’re redefining how restaurants engage with their patrons in our tech-savvy era.

The driving force behind this culinary revolution? Konstantin Vishnikin. “Here we are, in 2023, at the pinnacle of technological evolution. Yet, diners like me with dietary restrictions still grapple with deciphering menus, especially when traveling abroad. That’s not just taxing for the...

Restaurant Brands are Turning to Subscription Models in the Next Big Loyalty Trend

The "Global Loyalty Programs Market Intelligence and Future Growth Dynamics Databook 2023" has been added to ResearchAndMarkets.com's offering.

The global loyalty market is expected to grow by 12.7% on annual basis to reach US$135.9 billion in 2023. In value terms, the global loyalty market has recorded a CAGR of 13.1% during 2018-2022.The global loyalty market will continue to grow over the forecast period and is expected to record a CAGR of 12.2% during 2023-2027. The global loyalty market is...