Popular restaurant chain closes 23 locations as part of insolvency proceedings

Red Lobster announced that it will close an additional 23 restaurants at the end of the month. The move comes after Red Lobster was forced to close over 100 locations earlier this year amid bankruptcy proceedings.

Red Lobster is in the process of selling itself to Fortress Credit Corp., which recently provided the nationwide restaurant chain with $100 million to continue operating its approximately 500 remaining restaurants in the United States.

• Here is the list of restaurants scheduled to close by August 31:
  Arizona
  • 1521 S. Yuma Palms Pkwy., Yuma
• Arkansas
  • 8407 W. Markham St., Little Rock
• California
  • 8703 Murray Drive, La Mesa
• Colorado
  • 4925 N. Academy Blvd., Colorado Springs
• Florida
  • 326 Miracle Strip Pkwy., Fort Walton Beach
  • 5110 N. 9th Ave., Pensacola
  • 8909 U.S. Highway 19, Port Richey
• Georgia
  • 6550 Tara Blvd., Jonesboro
• Illinois
  • 1604 N. State Road 50, Bourbonnais
  • 902 Commons Drive, Geneva
  • 4625 N. Sterling Ave., Peoria
• Indiana
  • 4353 Franklin St., Michigan City
• Minnesota
  • 8900 Golden Valley Road, Golden Valley
  • 12515 Elm Creek Blvd. North, Maple Grove
• Missouri
  • 2381 Maplewood Commons Drive, Maplewood
• new York
  • 925 Hunts Point Avenue, Bronx
  • 750 Upper Glen St., Queensbury
• North Carolina
  • 304 A Western Blvd., Jacksonville
• Ohio
  • 17227 Southpark Center, Strongsville
• South Carolina
  • 1270 Knox Abbott Drive, Cayce
• Virginia
  • 555 S. Van Dorn St., Alexandria
  • 4415 S. Laburnum Ave., Richmond
  • 709 Independence Blvd., Virginia Beach

Red Lobster is one of many companies currently struggling to survive as inflation continues to rise and consumers spend less, such as on dining out. Other companies struggling to survive include Boston Market, Pizza Hut, Buca di Beppo, TGI Fridays, Popeyes, Tijuana Flats, Cracker Barrel and Applebee’s.