ORLANDO, Fla. – The financially hemorrhaging Red Lobster theme restaurant chain announced a second round of closings. Th new list includes the Rochester location as a possible target. For sure, the company said, two of its 12 Minnesota locations will close. Which ones are most vulnerable wasn’t announced. An earlier round of closures included 48 locations nation-wide. Now it’s a new round of 50 more.The Rochester location: Near Apache Mall at 1280 Highway 14 Southwest.
Red Lobster plight
Red Lobster is $1 billion in debt with less than $30 million in the bank. By trimming down from its peak 650 locations, the chain hopes to qualify for financing to stay afloat. The chain, once owned by Minnesota-based General Mills, has fallen apart in recent years as a unit of a Thailand-based global conglomerate.