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Red Lobster closing 7 Ohio locations including Dayton-area restaurant

Posted on AllSides June 6th, 2024
From The Center

OHIO — Several Red Lobster locations in Ohio are at risk of shutting down following the chain’s bankruptcy filing, according to court filings. The chain voluntarily filed for Chapter 11 bankruptcy on May 19 and closed nearly 50 locations across the country. Red Lobster has more than $1 billion in debt and less than $30 million in on-hand cash, according to CNN. The restaurant’s current owners plan to sell the business to its lenders, hoping to receive enough money to stay open, court filings show. The new filings revealed a...

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