Red Lobster is Closing More Restaurants

endless shrimp is becoming this endless story as Red Lobster looks to shutter four more Colorado restaurants today the company shared a list of locations likely to close if Court approves the bankruptcy plans for the company so Red Lobster has filed for bankruptcy last month already shut down about 50 locations nationwide company says it's a billion dollars in debt and they're going to sell the business back to its lenders and return for some financing to keep operating so to be clear they're trying to keep some stores open and yet the plan here is to close some of the nearly 00 restaurants the new list of locations on The Chopping Block include the iconic Time Square location here in Colorado there are four new names on the proposed closure list the Springs location on North Academy oneoff College AV in Fort Collins the Red Lobster on 23rd in gy and a fourth in peblo again these locations will only close if the court approves the company plan for other locations already closed last month