Red Lobster Announces Closure of 48 US Branches: A Strategic Restructuring Move

Red Lobster, facing difficulties, is shutting down 48 of its approximately 650 branches in the US.

TAGeX Brand's CEO, Neal Sherman, announced on LinkedIn their involvement in the swift closure process.

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The closures span 21 states across the US and commenced immediately.

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Equipment from these shuttered restaurants is currently up for sale.

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California and Florida see the closure of five Red Lobster branches each.

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Colorado and Maryland are among states affected, with four closures each.

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Numerous other closures are dispersed across the country.

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This move reflects Red Lobster's strategic restructuring efforts.

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