Search results
Results from the WOW.Com Content Network
A recent court filing shows that the company is rejecting the leases of an additional 23 locations by Saturday, August 31, joining the more than 100 restaurants that Red Lobster closed earlier ...
Per Restaurant Business Magazine, the documents listed 228 rejected restaurant leases that Red Lobster says will continue losing money if they keep operating as they do now. RELATED: 11 Restaurant ...
Red Lobster requested the leases be rejected by the end of August and that any personal property at the locations be allowed to be abandoned there. The request was officially granted by the court.
Red Lobster thus lost a great deal of flexibility for closing underperforming restaurants and cutting costs. The bankruptcy filing says that a material portion of the leases charge above-market rates.
The omnibus motion, which is a legal request to grant multiple things at once, asked the court to reject the leases of the locations by Aug. 31. Red Lobster closed 83 locations earlier this year ...
Salisbury's Red Lobster is open at its eatery outside The Centre at Salisbury Mall. Here's what to know, according to USA Today. Red Lobster lists 228 rejected leases that put sites in peril of ...
The company had been getting advice from law firm King & Spalding as it looked to shed some long-term contracts and renegotiate leases, Bloomberg reported, noting that Red Lobster's cash flows had ...
The Red Lobster at 255 Graff Road SE, New Philadelphia, is among nine of the restaurants scheduled to close in Ohio. ... Reb Lobster rejected dozens of store leases across the country. The other ...