Popular seafood chain closing more restaurants across the US
close video Restaurant, franchise owners are running for their life: Zane Tankel
Apple-Metro Chairman and CEO Zane Tankel says consumer brands need to be more creative in an inflationary environment.
Red Lobster is shuttering another 23 locations across several states as the restaurant chain continues its reorganization through its ongoing Chapter 11 bankruptcy.
The seafood chain announced in a recent filing it plans to cancel the leases and abandon ship at nearly two dozen properties by the end of this week, after determining that keeping them open would "continue to drive losses" for the company.
A Red Lobster restaurant in Alexandria, Virginia, on Friday, June 7, 2024. Seafood restaurant chain Red Lobster, which filed for bankruptcy in May, is currently undergoing a reorganization. (Photographer: Ting Shen/Bloomberg via Getty Images / Getty Images)
Here are the locations of the stores impacted:Arizona 1521 S. Yuma Palms Parkway, Yuma, Arizona
RED LOBSTER NOT GOING OUT OF BUSINESS DESPITE BANKRUPTCY, COMPANY TELLS CUSTOMERSArkansas8407 W. Markham Street, Little Rock, ArkansasCalifornia8703 Murray Dr., La Mesa, CaliforniaColorado4925 N. Academy, Blvd, Colorado Springs, Colorado
Red Lobster seafood restaurant showing company logo, northern Idaho. (Photo by: Don & Melinda Crawford/Education Images/Universal Images Group via Getty Images / Getty Images) Florida5110 N. 9th Ave., Pensacola, Florida326 Miracle Strip Parkway SW, Fort Walton Beach, Florida8900 US Highway 19, Port Richey, FloridaGeorgia6550 Tara Blvd, Jonesboro, GeorgiaIllinois1604 N. State Road Route 50, Bourbonnais, Illinois902 Commons Drive, Geneva, Illinois4625 N. Sterline Ave., Peoria, Illinois
ITALIAN RESTAURANT CHAIN FILES FOR CHAPTER 11 BANKRUPTCYIndiana4353 Franklin St., Michigan City, IndianaMinnesota8900 Golden Valley Road, Golden Valley, Minnesota12515 Elm Creek Blvd. N, Maple Grove, MinnesotaMissouri2381 Maplewood Commons Drive, Maplewood, MissouriNew York925 Hunts Point Ave., Bronx, New York750 Upper Glen Street, Queensbury, New York
Pedestrians pass in front of a Red Lobster restaurant in New York, U.S., on Wednesday, Sept. 19, 2012. (Photographer: Victor J. Blue/Bloomberg via Getty Images / Getty Images) North Carolina304 A Western Blvd, Jacksonville, North CarolinaOhio17227 Southpark Center, Strongsville, OhioSouth Carolina1270 Knox Abbot Drive, Cayce, South CarolinaVirginia555 S. Van Dorn Street, Alexandria, Virginia709 Independence Blvd, Virginia Beach, Virginia4415 S. Laburnum Ave., Richmond, Virginia
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Red Lobster filed for Chapter 11 bankruptcy in May, and has closed dozens of locations since then in its effort to survive. Following the latest announced closures, the chain will still have around 500 restaurants nationwide.