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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 plans to close nearly two dozen more restaurants in coming days as the bankrupt seafood chain prepares to be acquired. ... The closures will add to a tally that has seen more than 100 ...
Roughly two dozen more Red Lobster locations are scheduled to close within the coming days as part of the seafood restaurant chain’s ongoing bankruptcy proceedings.. A recent court filing shows ...
This is in addition to more than 100 Red Lobsters that have already closed this year. Once the closure is finished, Red Lobster will operate approximately 500 stores, down from the 650 it operated ...
Red Lobster has been open since 1968 and is currently America’s largest seafood chain, but it has faced more than a few financial setbacks in recent times. In November 2023, Red Lobster ...
The all-you-can-eat menu option was previously a time-limited promotional offer. But when Red Lobster made it permanent, patrons ended up eating far more shrimp than the restaurant could afford ...
Red Lobster at 6231 Sunrise Blvd. in Citrus Heights was still open as of Tuesday. The restaurant operates from 11 a.m. to 10 p.m. Sunday through Thursday, closing at 11 p.m. on Friday and Saturday.
The limited-time promotional deal, in which guests picked two types of shrimp to enjoy nonstop for $20, landed a permanent spot on Red Lobster menus in June. Red Lobster's parent company, Thai ...