Current location:entertainment >>
Red Lobster seeks bankruptcy protection after closing some restaurants
entertainment458People 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.“World Wonders news portal”。http://greece.majalahburung.com/article-29e699336.html
Related articles
Kevin Pillar gets 1,000th career hit in Angels' win at Texas
entertainmentARLINGTON, Texas (AP) — Kevin Pillar tucked a keepsake ball into his bag from his 1,000th career hit ...
Read moreChina urges Philippines to stop provocations in South China Sea
entertainmentThis aerial drone photo taken on Nov. 3, 2023 shows a drilling platform at the Kaiping South oilfiel ...
Read moreDeath toll from Moscow terror attack rises to 93
entertainmentDeath toll has risen to 93 people in Friday's terrorist attack after gunmen stormed a concert ha ...
Read more
Popular articles
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- Australian PM demands accountability for citizen's death in Gaza
- Tokyo raises alarm as deadly bacterial infection cases surge: media
- Megan Fox reveals what she REALLY thinks about her Love Is Blind's 'look
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
- Customs authorities intercept gold smugglers
Latest articles
NBA playoffs: Edwards leads Wolves to 98
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
China's first homegrown polar icebreaker Xuelong 2 to visit HKSAR in April
Heavy rains lash UAE and surrounding nations as the death toll in Oman flooding rises to 18
Yu Darvish extends scoreless innings streak to 25 in Padres' 9
Tokyo raises alarm as deadly bacterial infection cases surge: media
LINKS
- China needs to ramp up Ro
- Number of China
- Luckin surpasses Starbucks in China in annual sales
- Xi Focus: Decoding Xi Jinping Thought on Culture Through His Inspection Visit to Jiangxi
- China needs to ramp up Ro
- Apple reportedly cancels EV project, to focus more on AI
- Chinese automakers stand out at Geneva
- Travel industry posts solid recovery during Spring Festival
- Unmanned strike aircraft shows its mettle
- Ideas to brighten biz climate mark two sessions