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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 ...
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 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 ...
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 is closing 23 more U.S. locations in 15 states this August after previously closing dozens of stores in May. See the list of shuttered stores.
The troubled Red Lobster restaurant chain is closing down at least 48 of its roughly 650 branches across the US, according to a restaurant liquidation company.
Red Lobster filed for Chapter 11 bankruptcy in Florida in May. Here's a complete list of the company's restaurant locations that are open and closed. A fifth of Red Lobsters are gone.
Red Lobster has had to shutter at least 129 locations across the U.S., so far. They have added to their list of closures twice now. Red Lobsters close: See the full list of 129 shuttered locations