Red Lobster Denies Reports It’s Going Out of Business
Red Lobster will continue to sea food differently.
Speculation was running rampant the chain is closing all of its stores, but parent company Darden Restaurants says that's a false rumor.
'Red Lobster closing' was the top trending search on Yahoo! on Friday and stories of the restaurant's demise sprouted all over the Internet.
Darden did announce last week it will either sell or move Red Lobster into a different company.
Chatter about the eatery's muddled future began in the wake of a story in LA Weekly, which reported Darden's intentions to sell or spin off Red Lobster.