Red Lobster looks at bankruptcy. What about the NJ locations?

May 1, 2024 · Red Lobster posted an $11 million loss in the third quarter last year, and a $12.5 million loss in the fourth quarter. There are 16 Red Lobster locations in New Jersey. 1271 U.S. Route 22, Bridgewater

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Red Lobster Looks At Bankruptcy. What About The NJ Locations?

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Red Lobster Files For Bankruptcy After Abruptly Closing Dozens Of ...

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May 20, 2024 · Red Lobster has filed for bankruptcy just days after closing dozens of its restaurants.In its bankruptcy petition filed on Sunday, May 19, the company listed assets of $1 …

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Did Red Lobster go bankrupt?

Red Lobster filed for Chapter 11 bankruptcy in Florida on Sunday night, the seafood restaurant chain said in a statement. The news follows announcements from a liquidation company that the beleaguered chain, known for its cheddar biscuits and limitless shrimp, had "temporarily" closed 87 locations nationwide, including four in New Jersey. ...

Is Red Lobster still open during Chapter 11?

It said its existing "restaurants will remain open and operating as usual during the Chapter 11 process." Red Lobster posted an $11 million loss in the third quarter last year, driven in part by an all-you-can-eat shrimp promotion, and a $12.5 million loss in the fourth quarter. ...

Does Red Lobster have a Chapter 11 bankruptcy?

Red Lobster has emerged from Chapter 11 bankruptcy with new owners. AP Red Lobster, the seafood chain known for its endless shrimp deals and cheddar bay biscuits, has emerged from Chapter 11 bankruptcy, according to the company. ...

Are Red Lobsters still open in New Jersey?

In New Jersey, the percentage was actually a little higher, but the good news is 12 of the 16 in the Garden State are keeping its doors open. According to the USA Today study, the four Red Lobsters that closed include the Bridgewater, East Brunswick, Ledgewood and Lawrenceville locations. ...

Why did Red Lobster lose $11 million?

Red Lobster posted an $11 million loss in the third quarter last year, driven in part by an all-you-can-eat shrimp promotion, and a $12.5 million loss in the fourth quarter. The liquidator, TAGeX Brands announced last Monday that it was auctioning off equipment from 48 Red Lobster restaurants that have closed. ...

Did Red Lobster close?

According to the USA Today study, the four Red Lobsters that closed include the Bridgewater, East Brunswick, Ledgewood and Lawrenceville locations. The good news is Red Lobster will still have locations in Cherry Hill, Delran, Iselin, Mays Landing, Paramus, Secaucus, South Plainfield, Toms River, Union, Vineland, Wayne and Woodbury. ...