These US Red Lobster locations are closing after bankruptcy filing
Is Your Local Red Lobster Closing Soon?
Red Lobster has filed for Chapter 11 bankruptcy and is closing several locations across the U.S. The company plans to use the bankruptcy to streamline operations, reduce the number of locations, and sell most of its assets. Despite the restructuring, Red Lobster restaurants will continue to operate as usual during the process. The closures and operational adjustments come after a financial hit from an overly popular promotional deal, leading to significant losses.
Which states have Red Lobster locations that are listed as "temporarily closed" on the company's website?
Red Lobster locations listed as "temporarily closed" on the company's website are in the following states: Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Mississippi, Missouri, New Jersey, New York, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin.
How does Red Lobster plan to simplify its business during the bankruptcy proceedings?
Red Lobster plans to simplify its business during the bankruptcy proceedings by reducing the number of restaurants it operates and pursuing a sale of substantially all of its assets4. The company intends to use the bankruptcy process to drive operational improvements and streamline its operations. Red Lobster's restaurants will remain open and operating as usual during the Chapter 11 process, and the company is working with vendors to ensure that restaurant operations are unaffected3.