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3 days ago · Red Lobster, well-known for its cheddar bay biscuits, opened its first location in Florida in 1968 and received backing from General Mills by 1970, helping it expand its footprint.
3 days ago · Dozens of Red Lobster locations across the U.S. are now on the chopping block. Restaurant liquidator TAGeX Brands announced this week that it would be auctioning off the contents of over 50 Red Lobster locations that were closed as part of the seafood chain’s “footprint rationalization.”
3 days ago · Red Lobster has been searching for a buyer to avoid filing for Chapter 11, multiple media outlets reported last month. The Orlando-based chain, known for its endless shrimp deals, ...
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3 days ago · Red Lobster says it is closing nearly 50 of its restaurants in the U.S. The locations span across more than 20 states — cutting back on Red Lobster’s presence in cities like Denver, San ...
3 days ago · Red Lobster has struggled with a significant debt load, unfavorable lease terms, executive turnover and ill-advised strategies including an all-you-can-eat-shrimp promotion last fall that resulted ...
4 days ago · Red Lobster is reportedly considering filing for bankruptcy protection. The chain has tapped a restructuring expert as its chief executive, a possible indicator of an impending bankruptcy.
2 days ago · Red Lobster's roots date back to 1968, when the first restaurant opened in Lakeland, Florida. In the decades following, the chain expanded rapidly. Red Lobster currently touts more than 700 ...
