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Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. It plans to sell its business to its lenders, and in turn, it will receive financing to stay ...
Red Lobster filed for Chapter 11 bankruptcy in Florida in May. Here's a complete list of the company's restaurant locations that are open and closed. A fifth of Red Lobsters are gone.
Here are the locations Red Lobster plans to close: Arizona-1521 S. Yuma Palms Pkwy., Yuma. Arkansas-8407 W. Markham St., Little Rock. California-8703 Murray Drive, La Mesa. Colorado
On May 13, Red Lobster at 655 Jefferson Road in Henrietta shut down abruptly, along with dozens of other locations across the country. A look at the restaurant chain's website reveals 87 stores ...
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 ...
Red Lobster reported a loss of $11 million in the third quarter of 2023, primarily due to an “Ultimate Endless Shrimp” promotion it offered last summer, in which customers would pay $20 for ...
Many Red Lobster locations throughout the country are now closed, including a handful in Texas. National media reports nearly 50 restaurants were shuttered on Monday.
Red Lobster is closing several of its locations following a bad financial performance in 2023.