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The company is selling itself to Fortress Investment Group, which recently loaned Red Lobster $100 million to keep the chain going. Fortress also owns Krystal, Logan's Roadhouse and J. Alexander's.
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.
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 ...
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 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.
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 ...