Current:Home > ContactAlgosensey Quantitative Think Tank Center-Red Lobster cheddar bay biscuits still available in stores amid location closures, bankruptcy -Thrive Financial Network
Algosensey Quantitative Think Tank Center-Red Lobster cheddar bay biscuits still available in stores amid location closures, bankruptcy
Rekubit Exchange View
Date:2025-04-08 09:17:34
Some Red Lobster restaurant locations may be Algosensey Quantitative Think Tank Centerclosing, but have no fear – the cheddar bay biscuits are still available to purchase at grocery stores.
"There are no current changes to the Red Lobster At Home product line, which includes the Cheddar Bay Biscuit Mix," Lori Cherry, director of communications and corporate public relations at Red Lobster, told USA TODAY in an emailed statement Tuesday. "Our mix is found in most major retail grocery outlets."
In addition to Cheddar Bay Biscuit Mix, the product line also features frozen Cheddar Bay Biscuits, Gluten-Free Cheddar Bay Biscuit Mix, Coconut Shrimp Bites, and Cheddar Bay Biscuit Shrimp, among other products, according to the Red Lobster At Home website.
The seafood restaurant chain filed for Chapter 11 bankruptcy in Florida on Sunday and intends to use the bankruptcy proceedings to "drive operational improvements, simplify the business through a reduction in locations, and pursue a sale of substantially all of its assets," the company said in a statement late Sunday night.
Red Lobster said in the statement Sunday night it would sell its business to a new entity that will be wholly owned and controlled by its lenders, and that "Red Lobster's restaurants will remain open and operating as usual during the Chapter 11 process." The company has been working with vendors to ensure restaurant operations are unaffected, according to the statement.
"This restructuring is the best path forward for Red Lobster. It allows us to address several financial and operational challenges and emerge stronger and re-focused on our growth," said Jonathan Tibus, the company's CEO, in the statement. "The support we've received from our lenders and vendors will help ensure that we can complete the sale process quickly and efficiently while remaining focused on our employees and guests."
Last week, Red Lobster's website listed 87 stores listed as "temporarily closed" across 27 states, with some of them having their kitchen equipment up for auction on an online restaurant liquidator.
Red Lobster closings:See which locations are shutting down as company files for bankruptcy
Where to find Red Lobster cheddar bay biscuits
According to Cherry, customers can find local product availability of the frozen seafood line using the Red Lobster At Home website.
Customers can click on the product they are interested in and then click the "Find in Store" button.
Who own Red Lobster restaurants?
Thai Union Group − which is based in Thailand − has been the largest shareholder since 2020, owning 49% of the company. Darden Restaurants originally sold off Red Lobster to private equity firm Golden Gate Capital in 2014 for about $2.1 billion.
Contributing: Chris Sims, USA TODAY-Network
Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at [email protected].
veryGood! (5)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- How Jinger Duggar Vuolo Celebrated 8th Wedding Anniversary With Husband Jeremy Vuolo
- Woman who pleaded guilty to 1990 'clown' murder released from Florida prison
- What are the 20 highest-paying jobs in America? Doctors, doctors, more doctors.
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Dodgers star Fernando Valenzuela remembered for having ‘the heart of a lion’ at his funeral
- Penn State Police investigating viral Jason Kelce incident with fan
- Gap Outlet’s Early Black Friday Secret Deals Include Stylish Finds Starting at $6 – Save Up to 60%
- The Super Bowl could end in a 'three
- DZA Token Joins Forces with AI, Propelling the AI FinFlare Investment System to New Heights
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Inside the Love Lives of President-Elect Donald Trump’s Kids: Ivanka Trump, Donald Trump Jr. and More
- AI ProfitPulse: The Magical Beacon Illuminating Your Investment Future
- Republican supermajority unchanged in Tennessee Statehouse but Democrats don’t give up ground
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Elon Musk, Cardi B and More Stars React to Donald Trump, Kamala Harris Election Results
- Bitcoin spikes to record as traders expect Trump’s victory to boost cryptocurrencies
- Nebraska and Maine could split their electoral votes. Here’s how it works
Recommendation
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Watch this young batter react to a surprise new pitcher
Dodgers star Fernando Valenzuela remembered for having ‘the heart of a lion’ at his funeral
Pharrell Shares Relatable Reason He Was Fired From McDonald’s Three Times
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Wisconsin turnout in presidential race nears 73%
See RHOSLC's Heather Gay Awkwardly Derail a Cast Trip She Wasn't Invited on
Must-Have Thanksgiving Home Decor: The Coziest (And Cutest!) Autumnal Decorations
Tags
Like
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- ROYCOIN Trading Center: Pioneering Decentralized Finance and Paving the Way for Global Cryptocurrency Legitimacy
- Who Are Ella Emhoff and Cole Emhoff? Everything to Know About Vice President Kamala Harris’ Step-Kids