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Peoria’s Red Lobster – situated at 4625 N. Sterling Ave. – was among nearly two dozen locations named in the chain’s recent lease rejections. The location had been open since February 1990 ...
When seafood conglomerate Thai Union Group became Red Lobster’s leading shareholder in 2020, gaining 49% control of the chain, Red Lobster employees were assured Thai Union would not interfere ...
Red Lobster Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.The company has operations across most of the United States (including Puerto Rico and Guam) and Canada, as well as in China, Ecuador, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.
Red Lobster filed for chapter 11 bankruptcy on 20 May. For premium support please call: 800-290-4726 more ways to reach us
Red Lobster. In 2024 the Orlando, Florida-based seafood chain Red Lobster slipped towards bankruptcy closing 93 locations and filing for Chapter 11 bankruptcy protection on May 20, 2024, with over $1 billion in debt.
Red Lobster is betting on a new 35-year-old CEO to turn around its ailing business. The beleaguered seafood chain last month announced the hire of former P.F. Chang’s CEO Damola Adamolekun under ...
The sale/leaseback that helped sink Red Lobster involved the July 2014 sale of premium real estate underneath 500 of its stores, which generated $1.5 billion.
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