Two Red Lobster restaurants have recently closed amid the seafood chain’s financial woes. The company announced Sunday it had voluntarily filed for Chapter 11 bankruptcy reorganization. About a week prior to the filing, Dallas locations at 9069 Vantage Point Drive and 10290 Technology Blvd. closed. Eleven locations across the Metroplex remain open, including one on […]
The new CEO at seafood chain Red Lobster said an endless shrimp deal was a nail in the coffin for the brand, which filed for bankruptcy this week. While restaurants for the crab, lobster, and seafood brand remain open, incoming CEO Jonathan Tibus—a restructuring advisor—is picking over the decisions of his predecessor and appears to […]
Red Lobster officially filed for bankruptcy Monday, after a grim week that saw nearly 100 stores shut down around the country. The restaurant chain has cycled through multiple owners and leadership cabals over the past 10 years, and each of them attempted to stabilize the chain, to no avail. One of these rescue plans was […]
Red Lobster officially filed for bankruptcy Monday, after a grim week that saw nearly 100 stores shut down around the country. The restaurant chain has cycled through multiple owners and leadership cabals over the past 10 years, and each of them attempted to stabilize the chain, to no avail. One of these rescue plans was […]
shrimp with rice and broccoli – Red Lobster / Facebook The word of Red Lobster’s downfall has been front page news lately — while the chain isn’t out of business, it has announced the closure of what now amounts to nearly 100 restaurants. What’s more, it has now filed for bankruptcy and yes, one of […]
In 2023, The Tennessean’s Eating Nashville column dynamic duo, my colleagues Mackensy Lunsford and Brad Schmitt, ranked Red Lobster 20 out of 20 among Middle Tennessee chain restaurants. Mackensy decried a murky lobster tank and Brad described the lobster he ordered as rubbery, chewy and expensive. My heart sank, not because I’m the restaurant’s No. […]
Red Lobster has filed for Chapter 11 bankruptcy, citing higher labor costs, rising rents, and its “Ultimate Endless Shrimp” deal. The company states in a court filing it faced “a difficult macroeconomic environment, a bloated and underperforming restaurant footprint, failed or ill-advised strategic initiatives, and increased competition within the restaurant industry.” Yahoo Finance’s Seana Smith […]
(Bloomberg) — Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. Most Read from Bloomberg The Orlando, Florida-based company filed for Chapter 11 protection on Sunday, listing assets and liabilities of $1 billion to $10 billion each in its bankruptcy petition. The filing […]
Red Lobster has filed for voluntary Chapter 11 bankruptcy in Florida, the company confirmed in a statement late Sunday night. The 56-year-old seafood chain — the largest of its kind in the U.S. — said it would “drive operational improvements, simplify the business through a reduction in locations, and pursue a sale of substantially all […]
DENVER (KDVR) — Hundreds of people are jobless after multiple Red Lobster locations in the Denver area abruptly closed their doors for good earlier this week. Jessica Boguski is one of those former employees, having worked as a server at the Red Lobster in Northfield for nearly a year. She left work on Sunday night […]
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All three Red Lobster restaurants in Jacksonville closed abruptly Monday amid widespread speculation that the Orlando-based nationwide seafood restaurant chain was poised to file for bankruptcy protection. The Jacksonville closures appear to be part of a large-scale shutdown of at least 80 restaurants in 27 states as reported by national and local news media outlets. […]