Red Lobster Exits Bankruptcy
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casual seafood chainAssociated Press News
•Red Lobster exits Chapter 11 bankruptcy protection
78% Informative
A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan earlier this month .
The Orlando , Florida -based chain, which lost $76 million in 2023 , shuttered dozens of its North American restaurants over recent months .
Red Lobster is now an independent, privately-held company with 545 restaurant locations in 44 states and four Canadian provinces.
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