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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. ... Phoenix - 5061 North Oracle Road, Tucson ... - 17227 Southpark Center, Strongsville - 4990 ...
Metrocenter was a regional enclosed shopping mall in northwest Phoenix, Arizona.It was bounded by Interstate 17, 31st, Dunlap and Peoria Avenues.Before its closure, the three most recently open anchor stores were Harkins Theatres, Walmart Supercenter, and Dillard's Clearance Center; three additional vacant anchor stores included former Sears, JCPenney, and Macy's locations.
Red Lobster's parent company, Thai Union Group, said in November 2023 that the chain was headed toward a $20 million loss for 2023. Now the endless shrimp deal costs $25.
It's been a tumultuous few years for Red Lobster. The restaurant shuttered eight locations in 2023, and the investment group that held most of its stakes reported a $22 million loss for the year ...
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 In 2024 the Orlando, Florida -based seafood chain slipped towards bankruptcy closing 93 locations and filing for Chapter 11 bankruptcy protection on May 20, 2024, with over $1 billion in debt.
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.
General Mills converted most of the restaurants into other chain restaurants they were operating, such as Red Lobster and Olive Garden. During the period in which Good Earth operated widely, it was "probably the most prominent chain example of a health-food concept", according to industry trade journal Nation's Restaurant News . [ 2 ]