Red Lobster Seafood Co., the beloved full-service dining seafood specialty restaurant operator, is staging a comeback just one year after emerging from Chapter 11 bankruptcy. The company has taken steps to restructure its operations and improve its financial performance. With new leadership and a bold turnaround plan, the company’s future looks promising again.

Headquartered in Orlando, Florida, Red Lobster has over 500 locations in the United States and Canada. The brand has become associated with fresh seafood, welcoming guest service, and affordable prices.

Debt restructuring can be a useful tool for both well-performing companies and for companies experiencing financial distress. Pre-IPO startups should understand the basic elements of debt restructuring and the steps involved.

When a Startup May Consider Debt Restructuring

The total value of U.S. retail deals last year reached $36 billion—roughly three times the $13.9 billion of in 2019. This was despite the pandemic, or perhaps in part because of it

Although COVID-19 has slowed consumer spending, the pandemic may result in retailers and brands searching for good deals, such as JC Penney. Penney’s has announced that it plans to close roughly 240 of its 846 stores permanently over the next two years as part of its turnaround starting with its recent bankruptcy filing.