Your current location:HOME >health >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 10:31:30 Source: Internet compilationEdit:health
Red 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.
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs2024-05-21 09:57
VOX POPULI: Young texters have rendered punctuation marks obsolete2024-05-21 09:14
China news: July exports tumble by double digits, adding to pressure to shore up flagging economy2024-05-21 09:13
Russia's presidential vote starts final day with accusations of Kyiv sabotage2024-05-21 08:26
I was 'brokefished' by my friend for £4002024-05-21 08:19
VOX POPULI: ‘Domicide’ is yet another terrible addition to the lexicon of war2024-05-21 08:15
Hong Kong's exhibition centre axed booking for concert without reason, says pro2024-05-21 08:11
VOX POPULI: Use of honorifics complex at times and not always appropriate2024-05-21 08:07
Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons2024-05-21 08:05
VOX POPULI: Ruling may be near on how to best romanize Japanese2024-05-21 07:54
Bella Hadid goes braless in a thigh2024-05-21 10:20
ASEAN summit: Myanmar community asks Parliament to block junta representatives2024-05-21 09:58
So, you want to be an MP? These are the careers most likely to lead to Parliament2024-05-21 09:44
China is drilling some of the deepest holes in hunt for natural resources2024-05-21 09:36
Nadal returns to Roland Garros to practice amid doubts over fitness and form2024-05-21 09:29
VOX POPULI: Some celebrate while others ponder time and space on leap day2024-05-21 09:08
Chinese comedy group punishment sends chills through arts sphere2024-05-21 08:30
Unexplained Tākaka death not suspicious2024-05-21 08:23
I was 'brokefished' by my friend for £4002024-05-21 08:19
Weather updates: Warnings across South Island, Taranaki, Coromandel, Bay of Plenty2024-05-21 07:51