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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 ...
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.
Red Lobster plans to close nearly two dozen more restaurants in coming days as the bankrupt seafood chain prepares to be acquired. Known for its affordable seafood and cheddar bay biscuits, the ...
Red Lobster is closing 23 more U.S. locations in 15 states this August after previously closing dozens of stores in May. ... the seafood chain currently operates more than 530 restaurants ...
The troubled Red Lobster restaurant chain is closing down at least 48 of its roughly 650 branches across the US, according to a restaurant liquidation company.
The closures represent about 15% of the company's approximately 700 locations, though it remains the largest seafood restaurant chain in the U.S. Red Lobster has struggled with a significant debt ...
Why did Red Lobster close? In 2023, the seafood chain's "Ultimate Endless Shrimp" deal became more popular than expected, inadvertently becoming a key factor in a $11 million loss in the third ...