Red Lobster could shut down 135 more restaurants in rent negotiations after filing for bankruptcy
Red Lobster is in danger of shutting down 135 more restaurants if the company is unable to renegotiate the terms of its leases, according to bankruptcy documents filed last week.
The filings list 228 rejected leases that the company has flagged as money-losing propositions if they continue without adjustments, according to Restaurant Business.
The list of rejected leases includes several of the 93 Red Lobster locations that were shuttered abruptly on May 13.
Red Lobster could shut down 135 more restaurants in rent negotiations after filing for bankruptcy : report
Bankruptcy filings list 228 rejected leases that the company has flagged as money-losing propositions if they continue without adjustments.
nypost.com
