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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.
Related: Red Lobster Debuts Exciting New Menu Offerings After Scaring Fans With Bankruptcy News. ... 2025, at participating locations. Next: Red Lobster Could Be 'Saved' By Unexpected Celebrity.
Red Lobster is closing restaurants across the United States after filing for bankruptcy on Sunday, citing $1 billion in debt and sagging cash flows.. The ubiquitous seafood chain, known for its ...
Part of that success, Adamolekun said, is the launch of a new menu on Nov. 11. Although the menu is 20% smaller, it features seven new items, including bacon-wrapped sea scallops, a lobster bisque ...
Hush puppies in, endless shrimp out as Red Lobster looks to grow Part of a revamped selection to attract more customers, the new menu comes with nine newly-added items, including lobster bisque to ...
At that time, 36 Canadian Ponderosa locations were acquired by General Mills Restaurant Group which converted them to Red Lobster restaurants. [9] In the meantime, Bonanza maintained a presence in Canada. [10] The last Canadian location closed in November, 2010. [11] In February 1988, Ponderosa was sold to Metromedia Restaurant Group. [7]
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 ...
On May 12, 2014, Darden announced that as part of its spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. [23] On May 16, 2014, Darden announced it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. [24]
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