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More Red Lobster Locations May Shut Down, Including One in Paramus

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the staff of the Ridgewood blog

Paramus NJ, Red Lobster, the well-known seafood restaurant chain, may close more locations, including three in New Jersey, pending court approval of its restructuring plan. The company filed for bankruptcy last month, citing over a billion dollars in debt. As part of the restructuring, officials aim to sell the business to its lenders in exchange for financing to keep operations going, which involves closing some of its nearly 600 restaurants.

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