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Usually located in urban and suburban markets, oftentimes in or near upscale shopping centers, the “Eat.
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As part of the filing, the company asked permission to reject the leases of those closed.
According to the documents, both left the company or entered into a new contract before the filing.
The chain operates half as many restaurants as it did at the end of 2023.
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Red Lobster Filed for Bankruptcy in May 2024
Red Lobster is more of a success story.
“This restructuring is the best path forward for Red Lobster.
It allows us to address several financial and operational challenges and emerge stronger and re-focused on our growth.
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