It’s time to pour another one — or 23 — out for . On Aug. 22, a in the United States Bankruptcy Court Middle District of Florida, Orlando Division showed that Red Lobster will be closing 23 more locations as part of its .
The omnibus motion, which is a legal request to grant multiple things at once, asked the court to reject the leases of the locations by Aug. 31. Red Lobster closed 83 locations earlier this year, bringing its total shuttered stores to 106 now.
According to the court filing, the seafood chain currently operates more than 530 restaurants primarily located across the U.S. and Canada, with nearly 36,000 employees.
This is a sharp decline from the 700 locations it as of this writing. In July, Red Lobster said in a court filing that it would , the only acquisition bid the chain received. The parent company of its now-largest investor, Fortress Investment Group, also owns Logan’s Roadhouse, J.
Alexander’s, Gordon Biersch Brewery Restaurant and other restaurant brands, through . The filing notes that the chain is continuing to review and identify leases “that are likely to continue to drive losses for the Debtors and should be rejected.” Red Lobster also calls the closing locations a “burden” in the filing, adding that it aims to manage its “business and assets responsibly and economically.
” Red Lobster did not immediately respond to TODAY.com’s request for comment. On May 13, Neal Sherman, founder and CEO of liquidation firm TAGeX Brands, on.