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Red Lobster is closing more struggling restaurants this week


Red Lobster is closing more struggling restaurants this week

Red Lobster’s unit sales have shrunk by more than 20% this year. | Photo: Shutterstock Red Lobster is closing more restaurants nationwide as part of its ongoing Chapter 11 bankruptcy proceedings. In a bankruptcy filing Thursday, the company said it was rejecting leases at 23 troubled restaurants that it considered a burden on its finances […]