Current location:style >>
Red Lobster seeks bankruptcy protection after closing some restaurants
style29People 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.“Stellar Site news portal”。http://turkey.downmusic.org/html-63c799176.html
Related articles
Biden says Brown v. Board of Education ruling was about more than education
styleWASHINGTON (AP) — The landmark 1954 Supreme Court ruling that desegregated schools was about more th ...
【style】
Read moreUnderwater dragon dance staged in China's Qingdao
style(Xinhua) 09:19, February 04, 2024Tourists watch underwater dragon dance performance at Qingdao Polar ...
【style】
Read moreGLEN OWEN: The honeytrap MP... and the Godfather
styleBoris Johnson’s favourite film scene is the ‘multiple retribution’ at the end of The Godfather, when ...
【style】
Read more
Popular articles
- Ohio judge to rule Monday on whether the state’s abortion ban stands
- Dramatic intervention by Labour Deputy's ex
- 'Saturday Night Live': Caitlin Clark makes surprise cameo
- Tribute to a terrorist... rector's tears for Palestine extremist at memorial
- US overdose deaths dropped in 2023, the first time since 2018
- New building of museum at Shang Dynasty capital site to open this month
Latest articles
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
Lantern Festival function held for Taiwan business people on mainland
Update on Ashlee Good's baby who was stabbed in Westfield Bondi stabbing rampage
Art contributes to rural development of village in China's Inner Mongolia
Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
Taylor Swift looks loved
LINKS
- Critics question if longtime Democratic congressman from Georgia is too old for reelection
- Phillies strike out 18 times, but beat Angels 2
- Chris Sale tosses 5 strong innings, Braves avoid sweep with 5
- Lakers are interested in drafting Bronny James if it would help keep his dad in L.A. next season
- Computer says no! Bizarre technology fails that will make you want to go offline
- After Maui, Hawaii lawmakers budget funds for firefighting equipment and a state fire marshal
- Builder finds creepy children's handprints on the back of Victorian roof tiles
- 'Mumtrepeneur' opens a high
- Illinois governor's office says Bears' plan for stadium remains 'non
- China announces women's basketball training roster for Paris Olympics