Current location:Earthly Insights news portal > world
Red Lobster seeks bankruptcy protection after closing some restaurants
Earthly Insights news portal2024-05-21 18:09:48【world】5People 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://cuba.cassettedesign.com/content-96a499484.html
Very good!(5889)
Related articles
- College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
- Conjoined twin's husband learns paternity test results after ex
- South Dakota man sentenced to nearly 90 years in prison for his baby son's 2021 death
- North Carolina officer fatally shoots man suspected of killing other man
- Who is Jacob Zuma, the former South African president disqualified from next week's election?
- Justin Turner's homer, RBI single highlight Blue Jays' 5
- Can US cities fine homeless people for sleeping outside?
- Relegation
- Messi in and Dybala out in Argentina squad for pre
- John Sterling honored by Yankees for 36 seasons and 5,631 games as radio voice
Popular articles
- Iran helicopter crash that killed President Raisi could reverberate across the Middle East
- Mexican police investigate a man as a possible serial killer
- Head and Sharma set up Hyderabad to blow away Delhi by 67 runs in IPL
- South Dakota man sentenced to nearly 90 years in prison for his baby son's 2021 death
Recommended
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
Director Romeo Castellucci drops out of Brussels Ring Cycle halfway through because of money, time
At least 20 dead after a ferry sinks in Central African Republic, witnesses say
This ancient snake in India might have been longer than a school bus and weighed a ton
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
Sotutu powers Blues to 46
Burnley routs Sheffield United to boost survival chances. Luton sunk by Brentford
Jordan Montgomery wins in debut, Diamondbacks get 22 hits in 17
Links
- Woman Guards 'Neurons' of China's High
- Yang Langlang: School Principal Secures Wonderful Childhood for Every Student
- Teaching in Guangzhou Became an Unforgettable Introduction to China
- Chinese Painting Techniques Inspire Indian Painter
- Dancer Tells Stories of China Through Ballet
- Vibrant Hong Kong, 'Pearl of the Orient'
- Family Farms Inject Vitality into Agriculture
- Chinese Painting Techniques Inspire Indian Painter
- Vibrant Hong Kong, 'Pearl of the Orient'
- Chinese Woman Inspires Generations with Revolutionary Stories