Bussiness
Red Lobster adds 3 more Michigan locations to list of possible closures
Three more Red Lobster locations in Michigan are in danger of closing soon as the national seafood restaurant chain continues to work through bankruptcy proceedings. According to CNN, Red Lobster has confirmed several dozen locations could shut down soon, especially if the company cannot renegotiate leases for the locations.
The possible closures were included in court filings submitted last week. The three locations in Michigan that are in danger of closing are:
- 4109 Wilder Road, Bay City
- 3920 28th St., SE Kentwood
- 479 Telegraph Road, Waterford
Last month, Red Lobster filed for bankruptcy as the company estimated its debt at more than $1 billion, but had less than $30 million in cash on hand. As part of the bankruptcy plan, Red Lobster plans on closing several more locations after previously announcing the closures of 50 locations. The company is now awaiting approval from the court for its latest plans.
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