Red Lobster lists at least 6 Orlando-area restaurants as ‘temporarily closed’

Orlando Sentinel· Stephen M. Dowell/Orlando Sentinel/TNS
Mark Skoneki, Orlando Sentinel
Updated 2 min read
0

At least six Red Lobster restaurants in Central Florida were listed as “temporarily closed” on the Orlando-based seafood chain’s website Monday, joining dozens of others nationwide and the latest blow to a financially struggling company that reportedly is considering whether to declare bankruptcy.

The restaurants affected included three in Orlando at 3552 E. Colonial Drive, 7373 W. Colonial Drive and 8003 Golden Sky Lane; in Altamonte Springs at 340 State Road 436; in Sanford at 20 Towne Center Circle; and Kissimmee at 4010 W. Vine Street.

Other metro Orlando locations of the chain appeared to be open as usual, according to the website.

Other cities around the nation also were reporting similar closings. FOX 61 in Hartford, Conn., reported 80 locations in at least 27 states were on the list. Red Lobster has about 650 restaurants in all.

A company called TAGeX Brands said Monday it was conducting online auctions of the entire contents of 50-plus Red Lobsters nationwide. Billed as “the largest restaurant equipment auction ever,” the sell-off was scheduled to run until Thursday.

A spokesperson for the company could not be reached for comment.

Red Lobster has been struggling financially for years. The company’s main investor, Thai Union, cut ties to the chain earlier this year and said it would be looking for a buyer.

In April, Bloomberg quoted sources as saying the company might file for Chapter 11 bankruptcy, allowing it to continue operating while it restructures debt.

A $20 “endless shrimp” promotion that began last summer was so popular that it contributed to the company’s $11 million loss in the third quarter, company officials said. Thai Union said the company would lose more than $20 million for the entire year.

Red Lobster has had three CEOs in the past two years.

Advertisement

Recommended Stories

  • UK Tech Mogul Lynch Beats HP Fraud Case in Stunning US Loss

    (Bloomberg) -- In a staggering loss for US prosecutors, a jury found UK tech tycoon Mike Lynch not guilty of criminal charges that he pulled off Silicon Valley’s biggest-ever fraud 13 years ago by duping Hewlett Packard Co. into buying his software startup for $11 billion.Most Read from BloombergReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopHere’s Everything Apple Plans to Show at Its AI-Focused WWDC EventPutin’s

  • TD faces $4.9B proposed class action

    Canada’s second largest lender has been awash with anti-money laundering woes, with allegations based in multiple states. The bank set aside $450 million in April and overhauled its AML program.

  • Judge rather than jury will render verdict in upcoming antitrust trial

    A judge rather than a jury will decide whether Google violated federal antitrust laws by building a monopoly on the technology that powers online advertising. The decision Friday by U.S. District Judge Leonie Brinkema was a defeat for the Justice Department, which sought a jury trial when it filed the case last year in federal court in Alexandria, Virginia.

  • Judge rules Google will not face jury trial in US digital ads case

    WASHINGTON (Reuters) -Alphabet's Google will not face a jury trial over its alleged digital advertising dominance after the company paid $2.3 million to cover the U.S. government's claim of monetary damages, a federal judge ruled on Friday. Because non-monetary demands are heard by judges directly in antitrust cases, Google's payment means that it avoids a jury trial. The company had said it would have been the first-ever jury trial in a civil antitrust case lodged by the U.S. Justice Department.

  • How Mike Lynch scored a stunning victory over the US after 12-year fraud saga

    On Thursday morning in California, after less than two days of deliberations, jurors in a San Francisco courtroom told the judge they had a unanimous verdict.

  • British tech magnate Mike Lynch acquitted of fraud charges in $11 billion deal with Hewlett Packard

    Mike Lynch, once hailed as Britain’s king of technology, has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard. The not-guilty verdicts reached Thursday by a federal court jury in San Francisco followed an 11-week criminal trial that delved into the history of HP’s 2011 acquisition of Autonomy, a business software that Lynch founded and then oversaw as CEO in Britain. HP at first celebrated the purchase as a huge coup that would propel the Palo Alto, California, company down a promising new path, but then quickly came to regret under its then-CEO Meg Whitman.

  • Roaring Kitty's Position Loses More Than $200 Million

    Keith Gill pulled up a screenshot of his E\*Trade account during his livestream. It showed that he still held GameStop shares and options expiring in June, a position that seemed to be down more than $200 million during the violent swoon in the shares today.

  • Roaring Kitty was poised to become a freshly minted billionaire until GameStop threw a monkey wrench in the plan

    The brick-and-mortar retailer surprised with a plan to sell up to 75 million newly issued shares for no specific reason, sending the stock tumbling back to earth.

  • Tesla objects to $5.6 billion payout for lawyers who voided Musk's pay

    The legal team that voided Elon Musk's record Tesla pay package deserves a tiny fraction of the $5.6 billion legal fee they requested because their lawsuit provided almost no benefit for the company, the electric automaker argued in court papers on Friday. Tesla said the legal team for Richard Tornetta, the shareholder whose lawsuit led to a January ruling voiding Musk's $56 billion pay package, should be paid as little as $13.6 million for their work, which began with a 2018 complaint.

  • AMD fires latest shot at Nvidia in AI-chip war

    Two chipmaking heavyweights square off in the AI market.