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Red Lobster Issues Statement on Bankruptcy Filing

Red Lobster has issued a statement after abruptly closing dozens of restaurants earlier this month and filing for bankruptcy. Both Montgomery County locations were part of the restaurant chain’s closures. The full statement can be seen below:

“Dear Guests,

You may be aware that Red Lobster filed for Chapter 11 bankruptcy protection. We’d like to take a moment to explain what this means for our company, and for you, our valued guests. For more than five decades Red Lobster has been a part of your family’s life.

We’ve been there for your celebrations, big and small. We may be the place that you first discovered your love of seafood. Or where you met the love of your life on a first date. Birthdays, graduations, anniversaries and yes, weddings. We’ve been here for them all. And Red Lobster is determined to be there for these moments for generations to come. And that’s why we filed for Chapter 11 bankruptcy protection.

Bankruptcy is a word that is often misunderstood. Filing for bankruptcy does not mean we are going out of business. In fact, it means just the opposite. It is a legal process that allows us to make changes to our business and our cost structure so that Red Lobster can continue as a stronger company going forward. As many of you know, we recently made the tough decision to close a number of our restaurants.

The truth is, some of the world’s most beloved brands like Delta and Hertz have used this same process to protect their futures and their customers stood with them and rooted them on. And because of that, they emerged stronger.

Together, we have a lot worth rooting for. We’ve made delicious, high-quality seafood accessible for generations. Many of you tried lobster for the first time at our restaurant. We’ve brought you Lobsterfest and Crabfest over the years.

And, of course, no meal is complete without Cheddar Bay Biscuits. We are here and ready to continue making memories with you.

Join us. Dine with us. Root for us. Together, we can write a new chapter.”

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