Current location:sport >>
Red Lobster seeks bankruptcy protection after closing some restaurants
sport8362People 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.“Global Gazetteer news portal”。http://panama.downmusic.org/news-41b599429.html
Related articles
Amtrak train hits pickup truck in upstate New York, 3 dead including child
sportNEW YORK (AP) — A child was among the three victims killed when a passenger train hit a pickup truck ...
【sport】
Read moreDune: Part Two review
sportDUNE: PART TWO (12A, 166 mins)Rating:Verdict: A sandy spectacular Dune was bursting out all over Le ...
【sport】
Read moreSpace X: Rocket set to slam into moon wrongly blamed on Elon Musk
sportYour web browser is no longer supported. To improve your experience update it here ...
【sport】
Read more
Popular articles
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Core blimey: Bramley & butternut squash soup with gorgonzola cream
- US targets Russia with hundreds of sanctions over Ukraine war, Navalny death
- Why we cannot let the disability support changes happen
- Mohammad Mokhber: Who is Iran’s acting president?
- From being bitten by a flesh
Latest articles
Everybody may love Raymond, but Ray Romano loves Peter Boyle
I endured aggressive chemo and said goodbye to my family after being given just 15 months to live
James, Earl of Wessex, 16, stands shoulder
Design doubles: Pink loafers
The unstoppable duo of Emma Stone and Yorgos Lanthimos
Succession's Brian Cox stars in an American stage epic... but at three
LINKS
- Xi Replies to Letter from Representatives of Chinese Language Learners in Saudi Arabia
- Memorial Meeting for Comrade Jiang Zemin to Be Held on Dec. 6
- Spring outing tradition boosts business opportunities
- Spring outing tradition boosts business opportunities
- Xi Leaves for Thailand After Attending G20 Summit in Bali, Indonesia
- PLA Officers, Soldiers Study Xi's Speech at Memorial Meeting for Jiang Zemin
- Chinese Vice Premier Stresses Immediate Measures to Contain COVID
- National Winter Games put incing on Olympic legacy
- Memorial Meeting for Comrade Jiang Zemin to Be Held on Dec. 6
- Pakistan investigating the shooting death of a suspect in the 2013 killing of an accused Indian spy