Current location:International Issue news portal > health
Red Lobster seeks bankruptcy protection after closing some restaurants
International Issue news portal2024-05-21 09:29:51【health】3People 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.
Address of this article:http://lesotho.spaceforanything.com/content-29f899114.html
Very good!(26266)
Related articles
- Ricky Stenhouse punching Kyle Busch could lead to suspension
- Musa scores a goal, Paes has 7 saves as Dallas and Dynamo tie 1
- Hapoel Jerusalem win Israel's basketball State Cup
- Out of plaice! Mindboggling brainteaser challenges YOU to spot the odd fish out in 30 seconds
- Brazil replaces injured goalkeeper Ederson in Copa America squad
- Saudi historical district expects to cooperate with more Chinese partners: official
- Colorful Guizhou wind blows to Paris
- Letter from China: Exploring culturally rich Beijing along central axis
- Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
- Team Penske dominates first day of Indy 500 qualifying as Ganassi and Ericsson shut out of pole
Popular articles
Recommended
Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
Fans joke Eddie Howe's Newcastle assistant Jason Tindall 'needs to LEARN' from Kevin Nolan
Real favorites but Bayern a big threat in UCL return leg
Biden will deliver Morehouse commencement address during a time of tumult on US college campuses
Jon Wysocki dead at 53: Staind drummer passes away
States with abortion bans saw greater drops in medical school graduates applying for residencies
Jamie Vardy and his Leicester team
Marcus Rashford 'spotted cosying up to Colombian
Links
- Relics tumble out of wall at Longmen Grottoes
- Illuminating Each Child’s Future
- Flight Attendant Escorts Overseas Chinese on Return Home
- Chinese Martial Arts Gain Popularity Overseas
- CPC Delegate Committed to Subway Safety
- Chinese Martial Arts Gain Popularity Overseas
- Bringing Traditional Chinese Opera to Wider Audience
- Scientific Team Contributes to Large Research Infrastructures for Country
- Calls for Universal Credit to be reformed as the number of those on long
- Chinese Martial Arts Gain Popularity Overseas