According to a new report on the chain’s bankruptcy proceedings, more Red Lobsters are closing than initially expected.
Red Lobster files for bankruptcy protection
Why are more and more Red Lobsters closing?
News that Red Lobster might file for bankruptcy first emerged in April when reports of the seafood restaurant’s financial difficulties surfaced. Weeks later, the chain’s parent company made the filing official.
“This restructuring is the best path forward for Red Lobster,” CEO Jonathan Tibus said in a press release. “It allows us to address several financial and operational challenges and emerge stronger and refocus on growth.”
Some, but certainly not all, Red Lobsters closed after the bankruptcy filing. There were rumors that the chain could possibly be “saved.” But now it seems like things are going in a different direction.
READ MORE: National pizza chain saved from bankruptcy by quietly closing 44 stores
CNN was able to obtain a copy of the latest court documents, which show that after closing over 100 Red Lobsters stores this summer, more locations are planned to close.
The report states on CNN: “The company is rejecting leases for an additional 23 locations through Saturday, August 31.” These additional locations are expected to close.
Red Lobster abruptly closes many locations
Which Red Lobsters are closing?
Starting in 2023, seafood lovers could get their money’s worth at 650 different Red Lobster locations. This number will soon be reduced to around 500.
In the updated list, Florida, Illinois and Virginia are among the states with the most Red Lobster closures.
The updated list of potential closures includes locations in the following cities:
Arizona
Yuma
Arkansas
Small stone
California
The Mesa
Colorado
Colorado Springs
Florida
Fort Walton Beach
Pensacola
Port Richey
Georgia
Jonesboro
Illinois
Bourbonnais
Geneva
Peoria
Indiana
Michigan City
Minnesota
Golden Valley
Maple Grove
Missouri
Maple wood
new York
The Bronx
Quesbury – Wikipedia
North Carolina
Jacksonville
Ohio
Strongsville
South Carolina
Cayce
Virginia
Alexandria
Richmond
Virginia Beach
A complete list of Red Lobster closing locations can be found here.
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Gallery credit: Billy Jenkins
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