Author’s Note
This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: RedLobster.com, CNN and The-Sun.com.
Introduction
This week has come word that the Red Lobster seafood chain is continuing to close locations nationwide, including two in the state of Florida, as a result of its Chapter 11 bankruptcy.
Let us explore.
Red Lobster, 2024
According to a July 26 report from The-Sun.com, the closing Florida locations are the following: 2475 S Highway 27, Clermont, FL 34711 and 3830 Wedgewood Lane, The Villages, FL 32162.
As excerpted from the report: Two restaurants in Florida will close, as will locations in Alabama, Arizona, California, Colorado and Texas. Red Lobster shuttered a slew of restaurants as it filed for Chapter 11 protection on May 19, citing billions of dollars of debts and “a bloated and underperforming restaurant footprint.”
Per a May 20, 2024 CNN Business via Yahoo report, the company had been facing nearly insurmountable financial obstacles over the past several years, noting its recently concluded unlimited shrimp promotion only pushed the chain further into a deleterious state.