NEW YORK — Red Lobster wants to close several dozen more restaurants following its bankruptcy , and it has identified which ones are in danger of shutting down if the court approves its plan. The chain, which brought affordable shrimp and lobster to middleclass America and grew to become the largest seafood restaurant chain in the world, filed for bankruptcy last month. Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand.
It plans to sell its business to its lenders, and in turn, it will receive financing to stay afloat. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime. A few weeks prior to its bankruptcy, it abruptly closed around 50 locations across the United States.
The new list of locations in danger of closing was revealed in court filings last week, and all could be shuttered if they can’t renegotiate their leases. The list below, which also includes its iconic Times Square location, contains some restaurants that have already closed in May. A Red Lobster restaurant is seen in Schaumburg, Ill.
, Monday, May 20, 2024. Red Lobster is seeking bankruptcy protection days after closing dozens of restaurants. Alabama 2620 McFarland Blvd.
E, Tuscaloosa Arizona 2500 S. Beulah Blvd., Flagstaff 7921 W.
Bell Rd., Peoria 2810 North 75th Ave., Phoenix 5061 North Oracle Road, Tucson 1521 S.
Yuma Palms Parkway, Yuma Arkansas 3885 N Shiloh Drive, Fayetteville 7401 Rogers Ave., Fort Smith 4500 Ce.