Two Red Lobster restaurants recently closed due to the seafood chain’s financial troubles.
The company announced Sunday that it had voluntarily filed for Chapter 11 bankruptcy reorganization.
Approximately one week prior to filing, Dallas locations at 9069 Vantage Point Drive and 10290 Technology Blvd. Closed. Eleven locations in the Metroplex remain open, including one on South Hulen Street in Fort Worth, and one in Arlington, Burleson and North Richland Hills.
Red Lobster closed a total of 87 restaurants across the country prior to the filing. Starting Monday, kitchen supplies were being auctioned off at some locations, USA Today reported.
Other Texas locations that Red Lobster has closed are in Houston, Lake Jackson, Longview, Lufkin, Pasadena and Tyler.
“This restructuring is the best path forward for Red Lobster,” CEO Jonathan Tibus said in a press release announcing the filing.
The company said it plans to make “operational improvements” and simplify the business by reducing the number of locations. Other Red Lobster locations will remain open during the bankruptcy process, according to the company.
Red Lobster has had a tough time in recent years. As of 2021, Red Lobster has had five CEOs, Eater reports.
In 2014, the chain’s former parent company sold it to private equity firm Golden Gate Capital for $2.1 billion. The chain was sold again in 2020 to seafood company Thai Union, which had invested in Red Lobster since 2016. In January, Thai Union announced its intention to leave the company.
