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After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster says it will soon exit from Chapter 11 bankruptcy protection. A U.S. bankruptcy judge on ...
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 ...
Several news outlets, including The Hill and The Independent, are reporting that Red Lobster is closing at least 48 stores across the country and auctioning off equipment.
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. Known for its affordable seafood and cheddar bay biscuits, the ...
Red Lobster, the once popular seafood restaurant that started in Lakeland, Florida, in the late 1960s, was considering a Chapter 11 bankruptcy filing, according to multiple news sources.
Red Lobster fans on social media have reacted to the news of its closing locations on X by sharing pictures of printed notes informing patrons that spots are closing, making endless shrimp-related ...
On May 13, the Red Lobster in Henrietta shut down abruptly, along with dozens of other locations across the country. See the list of New York closings. Red Lobster closes 87 locations in 27 states.