Looks like it's the end of the line for endless shrimp as eight Red Lobster's have closed down across Texas!

For weeks now, several reports had stated that Red Lobster was reportedly considering a Chapter 11 bankruptcy filing in hopes of restructuring its debts. According to this report, the originator of those delicious cheddar bay biscuits reported a loss of $23 million last year- resulting in the restaurant shutting down several locations through 2023.

Red Lobster Mulls Possible Bankruptcy Filing Amid Debt And Rising Labor Costs
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The bankruptcy filing might come closer than sooner as dozens of Red Lobster locations have abruptly closed down across the country- and eight of those are in Texas.

More than 80 locations in at least 27 states closed down on Monday- with no advance notice to workers! According to KHOU-11, these are the eight locations in Texas that abruptly closed down:

  • Dallas, TX | 10290 E. Technology Blvd.
  • Dallas, TX | 9069 Vantage Point Dr.
  • Lake Jackson, TX | 104 HWY 332 W
  • Houston, TX | 302 FM 1960 RD W
  • Pasadena, TX | 4002 Spencer Highway
  • Tyler, TX | 1500 WSW Loop 323
  • Longview, TX | 3515 McCann Rd.
  • Lufkin, TX | 1919 S. First Street

Bloomberg had reported that Red Lobster was being advised by the law firm King & Spalding on the subject of bankruptcy, and that discussions about restructuring were ongoing but no final decision had been made about a bankruptcy filing. This decision came after the chain reported an estimated $11 million loss after their famous endless shrimp promotion according to Restaurant Business.

Endless Shrimp
Patrik Kay via Unsplash

Bloomberg does report that even if Red Lobster were to file for Chapter 11 bankruptcy, the company could still continue to operate while it works with creditors and investors to put in place a debt reduction plan that would allow it to head into the future on a better financial footing.

So far, no word from the chain itself- but it's possible that more locations could close down so get those cheddar bay biscuits while you still can!

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