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Red Lobster said Thursday that it expects to operate about 544 locations across the U.S. and Canada upon emerging from bankruptcy. That's down from 578 disclosed as of May's bankruptcy filing.
According to court filings, Red Lobster has 551 U.S. restaurants, 27 restaurants in Canada and 27 franchised locations in Mexico, Japan, Ecuador and Thailand. The company said it has 36,000 ...
Red Lobster has filed for voluntary Chapter 11 bankruptcy in Florida, the company confirmed in a statement late Sunday night — but it intends to keep its locations open.. The 56-year-old seafood ...
Red Lobster has also been shuttering underperforming locations for years and closed nearly 100 restaurants just days before it declared bankruptcy. RELATED: The 13 Most Beloved Red Lobster Dishes ...
As a result, Red Lobster reported $11 million in losses in the fiscal third quarter and $12.5 million in losses the following quarter. In January, Thai Union Group announced plans to sell its ...
The news, announced on May 19, comes after nearly 90 Red Lobster locations across America closed last week and an auction of restaurant equipment from dozens of Red Lobster locations — described ...
Red Lobster’s bankruptcy was widely expected given the closures. It’s one of several chains that have either looked for a buyer or declared bankruptcy in the last few months.
On May 19, Red Lobster Management LLC, which owns the restaurant chain, announced it has voluntarily filed for relief under Chapter 11 bankruptcy in the United States Bankruptcy Court for the ...