Red LobsterPhoto byAdobe Stock

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, RestaurantBusinessOnline.com and The-Sun.com.

Introduction

According to a July 26 report from The-Sun.com, news regarding the closing of two company restaurants, at 2475 S Highway 27, Clermont, FL 34711 and 3830 Wedgewood Lane, The Villages, FL 32162, were widely reported.

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."

Now this week has come word that the Red Lobster seafood chain is continuing to close locations nationwide, including three more in the state of Florida, as a result of its Chapter 11 bankruptcy.

Let us explore.

Red Lobster, 2024

Per an August 25 report from RestaurantBusinessOnline.com, the three latest Florida locations announced as closing have had their renegotiated leases rejected by the company.

From the current report: The Orlando-based, casual-dining seafood chain filed for bankruptcy protection on May 19, citing inflation, burdensome leases and mismanagement for its financial problems. Shortly after, it disclosed that more than 120 locations were in danger of closing if it was unable to renegotiate leases with landlords.

The new closures are in the cities of Pensacola, Port Richey and Fort Walton Beach.

As to those three more Florida locations set to permanently shutter this week, no specific dates of closure have yet been announced save they will all close by August 31.

Conclusion

For now, the future of the Red Lobster seafood chain remains unclear.

In the event of pertinent updates to this matter, inclusive of specific closure dates for the latest three Florida locations set to shutter, I will share them here on NewsBreak.

Thank you for reading.