Red Lobster Closes Dozens Of Restaurants Nationally

CAMP SPRINGS, Md. – Seafood lovers will be sure to lament the recently reported closures of nearly 50 Red Lobsters across the country, including three in the DMV. The restaurants in Laurel, Silver Spring, Gaithersburg, and Columbia are all closing.

There are still multiple Red Lobsters available in Prince George’s County, including one in Camp Springs and another in New Carrollton. There will be roughly 600 locations open nationally following these closures. 

While some observers have blamed the brand’s recent endless shrimp promotion that cost $11 million more than it earned, others have cited burdens imposed by private finance as the reason the brand is preparing to file for bankruptcy and reorganize their business.

Thai Union, the foreign corporation that secured a majority stake in 2020, is planning to divest from Red Lobster and accept a $530,000,000 loss. 

Contact our news desk at news@thebaynet.com