LIST: Red Lobster could be shuttering more restaurants around the US, report says

, the seafood chain currently has more than $1 million in debt and less than $30 million cash on hand. The report says Red Lobster intends to sells its business to lenders and receive financing in the meantime., taking both customers and employees by surprise, and filed for Chapter 11 bankruptcy not long after. Restaurant liquidator TAGeX Brands started auctioning off kitchen equipment and furniture from closed locations as part of its "largest restaurant equipment auction ever.

Last summer, Red Lobster launched a $20 all-you-can-eat shrimp deal which, although popular with customers, ended up costing the company over $11 million in one quarter. Maintaining stable management has proven difficult, with the company seeing multiple ownership changes over its 56-year history. Earlier this year, Red Lobster co-owner Thai Union Group, one of the world’s largest seafood suppliers, announced its intention to exit its minority investment in the dining chain.

The first Red Lobster opened its doors in 1986 in Lakeland, Florida, and had more than 700 locations worldwide before the closures began. Check the list from CNN below to see if your local restaurant could be closing. The full list was revealed in court filings last week and all of these could be closed if they can't renegotiate the leases, CNN says.- 7921 W. Bell Rd., Peoria- 3885 N Shiloh Drive, Fayetteville- 8407 W. Markham Street, Little Rock- 928 W. Huntington Ave., Monrovia- 195 E. Hospitality Lane, San BernardinoColorado- 2885 23rd Ave, Greeley- 309 Rocky Run Parkway, Talleyville- 26320 U.S.

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