Athens Red Lobster closes

In the third quarter of 2023, the seafood chain reported a loss of more than $11 million, according to Restaurant Business.

The Red Lobster on West Broad Street in Athens is apparently a casualty of closures for the restaurant chain, which is said to be considering a bankruptcy filing. At least two other Red Lobsters in Georgia—one in Roswell and the other in Dublin—are closed, at least temporarily. They’re among four dozen Red Lobster restaurants closed around the country.

From WSB TV…

Several Red Lobster locations in Georgia will be temporarily closed as the company faces potential bankruptcy.

Multiple outlets reported in April that Red Lobster, which has its headquarters in Orlando, has been considering filing for Chapter 11 bankruptcy.

The seafood chain’s website currently lists no hours for three restaurants in Georgia: W. Broad Street in Athens, Veterans Blvd in Dublin and Holcomb Bridge in Roswell. The website just shows that the restaurants are closed every day.

Channel 2 Action News has reached out to the chain for a statement to confirm if these closures will become permanent.

Red Lobster, which was founded in 1968, currently operates around 650 restaurants in the United States and internationally.

But the restaurant is closing at least 48 of its restaurants, a restaurant liquidator told CNN. TAGeX Brands says it will hold the online auction next week for Red Lobster kitchen equipment, furniture and other items next week.

Last year, Red Lobster reported $11 million in third quarter losses after it added its endless shrimp deal permanent to the menu, according to ABC News. The restaurant chain later reported $12.5 million in losses in the fourth quarter of 2023.

Tim Bryant

Tim Bryant

Tim Bryant hosts Classic City Today, 6-10 weekday mornings on 98.7FM & AM 1340 WGAU in Athens.



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