Red Lobster closings: These are the locations it wants to shut down | CNN Business (2024)

New York CNN

Red Lobster wants to close several dozen more restaurants following its bankruptcy, and it has identified which ones are in danger of shutting down if the court approves its plan.

The chain, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, filed for bankruptcy last month.

Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. It plans to sell its business to its lenders, and in turn, it will receive financing to stay afloat. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime.

A few weeks prior to its bankruptcy, it abruptly closed around 50 locations across the United States. The new list of locations in danger of closing was revealed in court filings last week, and all could be shuttered if they can’t renegotiate their leases.

The list below, which also includes its iconic Times Square location, contains some restaurants that have already closed in May.


- 2620 McFarland Blvd. E, Tuscaloosa


- 2500 S. Beulah Blvd., Flagstaff

- 7921 W. Bell Rd., Peoria

- 2810 North 75th Ave., Phoenix

- 5061 North Oracle Road, Tucson

- 1521 S. Yuma Palms Parkway, Yuma


- 3885 N Shiloh Drive, Fayetteville

- 7401 Rogers Ave., Fort Smith

- 4500 Central Avenue, Hot Springs

- 8407 W. Markham Street, Little Rock


- 6231 Sunrise Blvd, Citrus Heights

- 503 E. Calaveras Blvd., Milpitas

- 928 W. Huntington Ave., Monrovia

- 4095 Century Blvd, Pittsburg

- 1720 N Main Street, Salinas

- 195 E. Hospitality Lane, San Bernardino

- 2040 Aborn Road, San Jose

- 2283 W. March Lane, Stockton

- 1180 Admiral Callaghan Lane, Vallejo


- 4925 N Academy Blvd, Colorado Springs

- 3301 S. College Ave., Fort Collins

- 2885 23rd Ave, Greeley

- 3306 N Elizabeth Street, Pueblo


- 320 Universal Drive North, North Haven


- 309 Rocky Run Parkway, Talleyville


- 340 West SR 436, Altamonte Springs

- 2475 Highway 27 South, Clermont

- 26320 U.S. 19th North, Clearwater

- 2000 University Dr., Coral Springs

- 5950 N Federal Hwy, Fort Lauderdale

- 3801 Cleveland Ave, Fort Myers

- 326 Miracle Strip Pkwy S.W., Fort Walton Beach

- 5690 Irlo Bronson Memorial Hwy, Kissimmee

- 6638 Lake Worth Road, Lake Worth

- 3706 North Road 98, Lakeland

- 10010 US Highway 441, Leesburg

- 2355 W. New Haven Ave., Melbourne

- 215 E Merritt Island Causeway, Merritt Island

- 11550 SW 88th St., Miami

- 13300 Biscayne Blvd., North Miami

- 32 Blanding Blvd., Orange Park

- 617 N. Alafaya Trail, Orlando

- 9892 International Drive, Orlando

- 8003 Golden Sky Lane, Orlando

- 5110 N 9th Ave., Pensacola

- 8909 US Highway 19, Port Richey

- 2328 Commercial Way, Spring Hill

- 6151 34th Street North, St. Petersburg

- 11601 N. Dale Mabry, Tampa

- 3830 Wedgewood Lane, The Villages

- 2201 Palm Beach Lakes Blvd., West Palm Beach


- 2679 Adams Farm Dr., Columbus

- 6550 Tara Blvd, Jonesboro

- 700 Shorter Ave., Rome

- 2579 Cobb Parkway, Smyrna


- 1604 N. State Road, Route 50, Bourbonnais

- 1901 N. Prospect Ave., Champaign


- 1900 S. US 31 By-Pass, Kokomo

- 4353 Franklin Street, Michigan City

- 5400 National Road East, Richmond


- 1100 Buckeye Ave., Ames


- 9475 Metcalf Avenue, Overland Park

- 1915 S Wanamaker Road, Topeka


- 4639 Outer Loop, Louisville

- 5151 Hinkleville Road, Paducah


- 2314 N Salisbury Blvd, Salisbury


- 4109 Wilder Road, Bay City

- 3920 28th St., SE Kentwood

- 479 Telegraph Road, Waterford


- 1951 American Blvd. West, Bloomington

- 8900 Golden Valley Road, Golden Valley


- 895 Barnes Crossing Road, Tupelo


- 12235 Saint Charles Rock Rd, Bridgeton

- 3885 N Shiloh Drive, Fayetteville

- 4328 Noland Rd, Independence

- 3131 Range Line Rd., Joplin

New Jersey

- 3003 Route 130 South, Delran

- 4411 Black Horse Pike, Mays Landing

- 211 Route 17 S, Paramus

New York

- 2090 Bartow Ave., Bronx

- 801 Sunrise Highway, Copiague

- 295 E Fairmount Avenue, Lakewood

- 5 Times Square, Manhattan

- 750 Upper Glen Street, Queensbury

- 2220 Nesconset Highway, Stony Brook

North Carolina

- 1805 Walnut Street, Cary

- 304 A Western Blvd., Jacksonville


- 6500 Miller Lane, Dayton

- 2340 Tiffin Ave., Findlay

- 1422 Reynolds Road, Maumee

- 255 Graff Road, S.E., New Philadelphia

- 7607 Day Drive, Parma

- 17227 Southpark Center, Strongsville

- 4990 Monroe St., Toledo


- 935 Wayne Ave, Chambersburg

- 425 W. DeKalb Pike, King of Prussia

- 4766 McKnight Rd., Pittsburgh

South Carolina

- 1270 Knox Abbott Drive, Cayce

- 2080 Sam Rittenburg Blvd, Charleston


- 2131 Northgate Mall Dr, Chattanooga


- 3815 S. Lamar Blvd., Austin

- 109 W. Anderson Lane, Austin

- 5825 South Padre Island Drive, Corpus Christi

- 603 N. co*ckrell Hill Road, Duncanville

- 3056 Preston Road, Frisco

- 2760 S. Highway 6, Houston

- 5034 50th Street, Lubbock

- 7800 Bedford-euless Road, North Richland Hills

- 5815 N. Loop 1604 West, San Antonio

- 1381 S.W. Loop 410, San Antonio

- 17415 US 281 North, San Antonio

- 100 Ih 35 North, San Marcos

- 18446 Interstate 45 South, Shenandoah

- 3002 Saint Michael Drive, Texarkana

- 4401 Kemp Blvd., Wichita Falls


- 555 S. Van Dorn Street, Alexandria

- 4115 Chesapeake Square Blvd, Chesapeake

- 10325 Fairfax Blvd., Fairfax

- 3109 Spotsylvania Mall Drive, Fredericksburg

- 5400 National Road East, Richmond

- 8009 West Broad Street, Richmond

- 709 Independence Blvd., Virginia Beach

- 821 Lynnhaven Pkwy, Virginia Beach


- 4231 196th SW, Lynwood

- 3208 NW Randall Way, Silverdale

West Virginia

- 3705 Murdock Ave., Parkersburg

Red Lobster closings: These are the locations it wants to shut down | CNN Business (2024)


Why is Red Lobster losing money? ›

Inflationary pressures from increased wages, alongside unfavorable leases and underperforming locations, led to financial woes for Red Lobster. But perhaps the most acute financial blow was the impact of its now notorious Ultimate Endless Shrimp promotion last summer.

How many red lobster locations are there in the world? ›

The company has operations across most of the United States (including Puerto Rico and Guam) and Canada, as well as in China, Ecuador, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.

When did Red Lobster go into business? ›

Since 1968, we've been committed to bringing you a seafood experience you won't find anywhere else. That's how we Sea Food Differently®.

What is the business name of Red Lobster? ›

(May 19, 2024) – Red Lobster Management LLC, along with its direct and indirect operating subsidiaries (“Red Lobster” or “the Company”), owner and operator of the Red Lobster® restaurant chain, today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the United States ...

Who owns Red Lobster in 2024? ›

In 2014, Darden sold off Red Lobster to Golden Gate Capital, a private equity firm, for $2.1 billion. Since 2020, seafood distributor Thai Union Group, based in Thailand, has been the largest Red Lobster shareholder. Thai Union owns 49% of the company.

Who is buying Red Lobster? ›

Thai Union, among the largest global seafood conglomerates and a major supplier to Red Lobster, first acquired a 25 percent stake in the company for $575 million in 2016. Then in 2020, it purchased the remaining portion of shares from Golden Gate.

Why is Red Lobster closing locations? ›

Red Lobster said that it had more than $1 billion in debt and less than $30 million in cash on hand. It plans to sell its business to its lenders, and in turn, it will receive financing to stay afloat. Part of its plan is to close some locations of its nearly 600 restaurants in the meantime.

Are Olive Garden and Red Lobster owned by the same company? ›

Darden SW LLC, a Florida limited liability company, the sole member of which is GMRI, Inc., doing business as Red Lobster and Olive Garden. Florida SE, Inc., a Florida corporation and direct wholly owned subsidiary of GMRI, Inc., doing business as Red Lobster, Olive Garden, Bahama Breeze and Seasons 52.

Is Red Lobster still owned by Darden? ›

Darden announced the completion of the sale of Red Lobster to Golden Gate Capital on July 28, 2014. Golden Gate sold 25% of Red Lobster to Thai Union in 2016 and then sold its remaining interest in Red Lobster to Thai Union in 2020, a news release states.

Where does Red Lobster get its food from? ›

We are proud to source a mindful combination of wild-caught and farm-raised shrimp from all over the world. In fact, our farm-raised shrimp was among the first to be Best Aquaculture Practices (BAP) certified, and we're happy to support local fisheries to bring you wild-caught species, when possible.

Who is the CEO of Red Lobster? ›

While restaurants for the crab, lobster, and seafood brand remain open, incoming CEO Jonathan Tibus—a restructuring advisor—is picking over the decisions of his predecessor and appears to be left unimpressed.

Where is the original Red Lobster? ›

Why are lobster prices dropping? ›

The lobster fishing industry has experienced a significant decrease in catch in 2023, dropping over 5% from the previous year. This decline, totaling 93.7 million pounds of lobsters caught, is attributed to various challenges such as climate change and new regulations.

How did Red Lobster lose 11 million dollars? ›

Assigning blame for company failures is tricky. But some analysts say the root of Red Lobster's woes was not the endless shrimp promotions that some have blamed. Yes, the company lost $11 million from the shrimp escapade, its bankruptcy filing shows, and suffered from inflation and higher labor costs.

Why is the lobster population declining? ›

Warming in-shore waters bring new predators and parasites, as do increasing ocean acidification and changes in plankton population.

Why is lobster not being sold? ›

Then, last week, the Marine Stewardship Council (MSC) suspended its certification of the Gulf of Maine lobster fishery effective December 15, 2022, also citing the protection of right whales, after taking into account a July court ruling which has led to stricter sustainability regulations.


Top Articles
Latest Posts
Article information

Author: Mr. See Jast

Last Updated:

Views: 6445

Rating: 4.4 / 5 (55 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Mr. See Jast

Birthday: 1999-07-30

Address: 8409 Megan Mountain, New Mathew, MT 44997-8193

Phone: +5023589614038

Job: Chief Executive

Hobby: Leather crafting, Flag Football, Candle making, Flying, Poi, Gunsmithing, Swimming

Introduction: My name is Mr. See Jast, I am a open, jolly, gorgeous, courageous, inexpensive, friendly, homely person who loves writing and wants to share my knowledge and understanding with you.