Red Lobster filed for Chapter 11 bankruptcy in Florida, according to a statement released late Sunday night.
Last Monday, Red Lobster’s website identified 87 shops as “temporarily closed” in 27 states, with some auctioning off their kitchen equipment through an online restaurant liquidator.
Related posts
This Article Includes
- 0.1 Related posts
- 0.2 Officials: Building Is Unsafe To Occupy After The Floor Collapsed During The Maryland Fire
- 0.3 Tattooed Shooter Involved In Tag-team Assault For Shooting Victim In The Face In Jackson: Prosecutor
- 1 Which Red Lobster locations are closed?
- 1.1 Alabama
- 1.2 California
- 1.3 Colorado
- 1.4 Florida
- 1.5 Georgia
- 1.6 Idaho
- 1.7 Illinois
- 1.8 Indiana
- 1.9 Iowa
- 1.10 Kansas
- 1.11 Louisiana
- 1.12 Maryland
- 1.13 Mississippi
- 1.14 Missouri
- 1.15 New Jersey
- 1.16 New York
- 1.17 North Carolina
- 1.18 North Dakota
- 1.19 Oklahoma
- 1.20 Pennsylvania
- 1.21 South Carolina
- 1.22 Tennessee
- 1.23 Texas
- 1.24 Virginia
- 1.25 Washington
- 1.26 Wisconsin
- 2 Who own Red Lobster restaurants?
- 3 Red Lobster suffered big losses with ‘Ultimate Endless Shrimp’ promotion
Red Lobster said it will utilize the bankruptcy procedures to “drive operational improvements, simplify the business through a reduction in locations, and pursue a sale of substantially all of its assets.”
Red Lobster, founded in 1968 and headquartered in Orlando, announced in a statement Sunday night that it would sell its business to a new entity wholly owned and controlled by its lenders and that “Red Lobster’s restaurants will remain open and operating as usual during the Chapter 11 process.” The company has been working with vendors to ensure that restaurant operations are unaffected, according to the statement.
“This restructure is the best way forward for Red Lobster. It enables us to handle a number of financial and operational difficulties while emerging stronger and more focused on our growth,” said Jonathan Tibus, the company’s CEO, in a statement. “The support we’ve received from our lenders and vendors will help ensure that we can complete the sale process quickly and efficiently while remaining focused on our employees and guests.”
Here’s what we know about the restaurant closures, including their locations and reasons for closure.
Which Red Lobster locations are closed?
The website currently lists each of these restaurants as temporarily closed.
Alabama
Decatur
Huntsville
Mobile
California
- Fremont
- Montclair
- Rohnert Park
- Sacramento
- San Diego
- Torrance
Colorado
- Denver
- Lakewood
- Lone Tree
- Wheat Ridge
Florida
- Altamonte Springs
- Daytona Beach Shores
- Gainesville
- Hialeah
- Jacksonville (Commerce Center Drive)
- Jacksonville (Baymeadows Road)
- Jacksonville (City Station Drive)
- Kissimmee
- Largo
- Leesburg
- Orlando (E. Colonial Dr.)
- Orlando (W. Colonial Dr.)
- Orlando (Golden Sky Lane)
- Sanford
- Tampa (East Busch Blvd.)
- Tampa (Palm Pointe Dr.)
Georgia
- Athens
- Dublin
- Roswell
Idaho
- Lewiston
Illinois
- Bloomingdale
- Danville
Indiana
- Elkhart
- Indianapolis (N. Shadeland Ave.)
Iowa
- Waterloo
Kansas
- Kansas City
- Olathe
Louisiana
- Bossier City
Maryland
- Columbia
- Gaithersburg
- Laurel
- Silver Spring
Mississippi
- Jackson
Missouri
- Jefferson City
New Jersey
- Bridgewater
- East Brunswick
- Ledgewood
- Lawrenceville
New York
- Amherst
- Buffalo
- Kingston
- Lakewood
- Nanuet
- Rochester
- Poughkeepsie
- Scarsdale
- Stony Brook
- Williamsville
North Carolina
- Burlington
- Cary
- Durham
- Rocky Mount
North Dakota
- Grand Forks
Oklahoma
- Lawton
- Oklahoma City
- Stillwater
Pennsylvania
- Erie
South Carolina
- Myrtle Beach
Tennessee
- Memphis
Texas
- Dallas (E. Technology Blvd.)
- Dallas (Vantage Point Dr.)
- Houston
- Lake Jackson
- Longview
- Lufkin
- Pasadena
- Tyler
Virginia
- Colonial Heights
- Newport News
- Williamsburg
Washington
- Silverdale
Wisconsin
- La Crosse
- Wauwatosa
Who own Red Lobster restaurants?
Thai Union Group, a Thai-based company, has held the majority ownership of Red Lobster since 2020, owning 49% of the company. In 2014, Darden Restaurants sold Red Lobster to private equity firm Golden Gate Capital for approximately $2.1 billion.
Red Lobster suffered big losses with ‘Ultimate Endless Shrimp’ promotion
In the third quarter of 2023, the “Ultimate Endless Shrimp” deal offered by the seafood chain unexpectedly gained immense popularity, leading to an unexpected $11 million loss.
“We tried to increase our website traffic, but it was unsuccessful,” Garnier informed investors in November 2023, as reported by Restaurant Business Magazine. “We still want to feature it on our menu. However, we need to exercise caution when determining the entry points and pricing for this promotion.”
