Red Lobster recorded losses in four of the last five quarters, with 2025 revenues trailing pre-bankruptcy figures by over 20%. Approximately 100 consistently unprofitable outlets continue to undermine earnings, per Bloomberg. Fortress Investment Group, which purchased Red Lobster in September 2024 via RL Investor Holdings, has shown reluctance to continue funding losses. Co-owner TCW slashed the value of its Red Lobster holding to $4 million—a 90% reduction from the previous year, regulatory documents reveal.
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