Red Lobster is facing significant financial difficulties and is planning to close 135 more restaurants if lease renegotiations with landlords are unsuccessful. The company has already filed for Chapter 11 bankruptcy. Nearly 25 locations in Florida and 4 in Arizona are among those at risk of closure. The seafood chain, which has been in operation for over 50 years, is struggling to stay afloat amidst these challenges. Court documents indicate that 2 of 3 local seafood restaurants may also be shuttered.
"4 more Arizona Red Lobster restaurants could be closing. Here's where." (via @shelbygslade) https://t.co/M99HifPBCb
Red Lobster restaurants closed, open, threatened in Florida. Here's a list https://t.co/DEwrqZk8Be
Red Lobster could be shuttering even more locations across the U.S. after voluntarily filing for bankruptcy and struggling to stay afloat. https://t.co/dEzGOqgluM
4 more Arizona Red Lobster restaurants could be closing. Here's where https://t.co/6RLZy7HFew
Red Lobster shares much worse Chapter 11 bankruptcy news https://t.co/p9uXvTAnbB
Experts are questioning the factors that contributed to the potential demise of Red Lobster as reports emerge that a company that's over 50 years old may need to close over 100 additional locations. https://t.co/aJ5oz5ccyA
Red Lobster wants to shut down these locations | Click on the image to read the full story https://t.co/1aYB429XZQ
Red Lobster's financial woes could shutter 2 of 3 local seafood restaurants, say court docs https://t.co/Qa7AXDI9TW
Red Lobster could shut down over 100 more locations: reports https://t.co/VA9K0qGy7a
Nearly 25 more Red Lobster locations in Florida could close up if the company can't renegotiate their leases, according to court bankruptcy filings. https://t.co/KgrKDChxWn
Red Lobster is planning to shut down 135 more restaurants after filing for bankruptcy, filing shows #MacroEdge
Red Lobster could shut down 135 more restaurants in rent negotiations after filing for bankruptcy : report https://t.co/2mDNKDg3cu https://t.co/KdjWLEUygs
Red Lobster planning the closure of ANOTHER 135 restaurants if landlords won't give in to chain's demands https://t.co/h8rkqmtFLU https://t.co/n7G8PoJSYL
Red Lobster could close more than 100 additional restaurants if it can't renegotiate leases https://t.co/RJa8VlqgYP