Current location:Culture Craft news portal > entertainment
Red Lobster seeks bankruptcy protection after closing some restaurants
Culture Craft news portal2024-05-21 13:35:04【entertainment】1People 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://serbiaandmontenegro.popular-vines.com/content-74a399624.html
Very good!(769)
Related articles
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- German dependency on Russian energy significantly reduced: president
- Reality bites in Asia over NATO push
- China firmly opposes the ROK inviting the Taiwan authorities to the so
- 'The Apprentice,' about a young Donald Trump, premieres in Cannes
- NATO's bigger remit brings rising dangers
- Alleged intruder at Peruvian embassy in U.S. shot dead by Secret Service
- Drilling of undersea tunnel of Guangzhou
- Brazil replaces injured goalkeeper Ederson in Copa America squad
- World Giraffe Day celebrated in Yongin, South Korea
Popular articles
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- School shootings in U.S. rise to highest number in 20 years: report
- Xi Focus: Xi Stresses Consolidating Agricultural Foundation, Advancing Rural Revitalization
- News Analysis: U.S. president touts gas tax holiday amid surging energy prices
Recommended
Fresh heartache for cancer
WHO endorses China's Sinopharm COVID
Chinese firms popular at Egypt's largest medical expo
Central Rural Work Conference Is Held, Xi Delivers Important Instructions on Rural Work
NBA playoffs: Edwards leads Wolves to 98
German dependency on Russian energy significantly reduced: president
Multinational enterprises confident of China's economic growth target
Tokyo 2020 Paralympic Games open
Links
- China unveil 31
- A boat capsizes in Indian
- New recruiting programs put Army, Air Force on track to meet enlistment goals. Navy will fall short
- Billie Eilish KISSES Youtuber Quenlin Blackwell during raucous Coachella party
- Games, literature see online growth
- Austin Riley leads the Braves to a 6
- Ethiopian region looks to develop tourism
- Ethiopian region looks to develop tourism
- Ivanka Trump beams on day out with Jared and children in sunny Miami
- Country's tourism market off to a robust start in 2024