This is in addition to the more than 100 restaurants that Red Lobster closed earlier this summer.
Monday, August 26, 2024 3:44PMRoughly two dozen more Red Lobster locations are scheduled to close within the coming days as part of the seafood restaurant chain's ongoing bankruptcy proceedings.
Red Lobster is in the process of selling itself to Fortress Credit Corp., a lender experienced in restaurant management that also owns Krystal, Logan's Roadhouse and J. Alexander's. The firm recently gave the seafood chain a $100 million loan to allow it stay afloat.
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