Current location:Global Gaze news portal > opinions
Red Lobster seeks bankruptcy protection after closing some restaurants
Global Gaze news portal2024-05-21 06:46:19【opinions】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://paracelislands.barryexit.org/news-18f699976.html
Very good!(815)
Related articles
- Bella Hadid goes braless in a thigh
- Putin says four gunmen in Moscow terrorist attack arrested
- Indonesia school bus crash kills at least 11, dozens injured
- Justin Allgaier uses dominant run at Darlington to win first Xfinity race of the season
- 'The Apprentice,' about a young Donald Trump, premieres in Cannes
- Federal prosecutors request 40
- Envision, Suez ink battery park partnership
- Putin says four gunmen in Moscow terrorist attack arrested
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- Martinez homers with two outs in the 9th inning to end Braves' combined no
Popular articles
Recommended
Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
Cubs draw 6 bases
Woman gets 2 life sentences in 2021 murders of father, his longtime girlfriend
Zimbabwe wins toss and elects to bowl in final T20 against Bangladesh
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
Outbound travel boom mirrors China's consumption vibrancy
West Ham gives departing Moyes a winning sendoff at London Stadium with victory over Luton
Olise stars again for Crystal Palace in win at Wolves in EPL
Links
- Powerful Hurricane Ida slams U.S. Louisiana, other regions
- Olives link northwest China with world
- China replaces Germany as UK's biggest import market: ONS
- Xinjiang launches first full timetable for China
- German dependency on Russian energy significantly reduced: president
- School shootings in U.S. rise to highest number in 20 years: report
- China to hand over completed new parliament building to Zimbabwe
- Profile: Xi Jinping Steers Decade of Reform Toward Chinese Modernization
- Late night shooting in Philadelphia leaves at least three dead, 11 injured
- U.S. doubles down on vaccination efforts as Delta variant drives COVID