Red Lobster bankruptcy: Closing stores due to endless shrimp deal | LiveNOW from FOX

Red Lobster, America’s largest seafood chain that became popular for its “endless” shrimp deals and Cheddar Bay Biscuits, has filed for Chapter 11 bankruptcy. The company cited several financial and operational challenges for the move, saying that more than 500 restaurants across the U.S. and Canada are expected to remain open.

Axios reporter Richard Collings joins LiveNOW's Andrew Craft to discuss the significance.

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