Current location:sport >>
Red Lobster seeks bankruptcy protection after closing some restaurants
sport35People have gathered around
IntroductionRed Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn ...
Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn shrimp and “endless” seafood deals, has filed for Chapter 11 bankruptcy protection.
The 56-year-old chain made the filing late Sunday, days after shuttering dozens of restaurants.
“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 Red Lobster CEO Jonathan Tibus, a corporate restructuring expert who took the top post at the chain in March.
Red Lobster said it will use the bankruptcy proceedings to simplify its operations, close restaurants and pursue a sale. As part of the filings, Red Lobster has entered into a so-called “stalking horse” agreement, meaning it plans to sell its business to an entity formed and controlled by its lenders.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Crossroad news portal”。http://ireland.unhasdecoradas.org/article-96a199869.html
Related articles
Strictly star Giovanni Pernice's former partner Rose Ayling
sportGiovanni Pernice has been dealt a fresh blow after friend and former Strictly dance partner Rose Ayl ...
【sport】
Read moreSeabed mining critics furious after company pulls out of hearings
sportTrans Tasman Resources wants to extract iron, titanium and vanadium from an area off the Taranaki co ...
【sport】
Read moreMissed the 2024 solar eclipse? Here's when and where you can see the next one
sportThe 2024 total solar eclipse was watched by at least 30 million people in the US who stared in wonde ...
【sport】
Read more
Popular articles
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- What's behind first China
- Want a healthy dog? Vets reveal the 10 extreme body conformations owners should AVOID including flat
- I used ChatGPT to go on hundreds of Tinder dates
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- Ruapehu Alpine Lifts gets $7m bailout from government
Latest articles
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
I was uninvited to my best friend's wedding
I'm from Texas and live in the UK, these are all the weird things I've found about British people
Could you get your best ever career advice from a ROBOT? The pros and cons of using AI on the job
Brazil replaces injured goalkeeper Ederson in Copa America squad
Major NHS shake
LINKS
- UN urges trillions in investments to salvage global goals
- China calls for intensified diplomatic efforts to end Ukraine crisis
- Roundup: Ohio derailment leads to long
- China's home
- Sudanese army says will help evacuate foreign nationals
- Harmonious China
- China approves first cargo airport
- More countries to participate in 4th China International Consumer Products Expo
- UN Security Council voices concern over killing of World Central Kitchen staff in Gaza
- U.S. bears a lot of responsibility for deglobalization trend: former Secretary of Commerce