Current location:Global Gateway news portal > travel
Red Lobster seeks bankruptcy protection after closing some restaurants
Global Gateway news portal2024-05-21 10:58:16【travel】0People 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://micronesiafederatedstatesof.tokosaranateknik.com/article-74f099914.html
Very good!(3)
Related articles
- Jon Wysocki dead at 53: Staind drummer passes away
- UC Berkeley to host conference on gene
- Xi Meets Kuwaiti Crown Prince, Pledging to Take Bilateral Ties to New Heights
- China's tech giants spend big on digital 'red envelope war' to gain more mobile users
- Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
- Pioneering zone to be launched in Hunan to propel Sino
- Luxury brands embrace the Year of the Dragon
- China launches new Earth observation satellite for environmental monitoring
- Ricky Stenhouse punching Kyle Busch could lead to suspension
- Restructuring high on SOE agenda
Popular articles
Recommended
Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
New model reveals seabirds' movement may help analyze animal decision
New model reveals seabirds' movement may help analyze animal decision
China's deep
Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
State energy firms turn to renewables abroad
China calls for better coordination to stabilize shipping in Red Sea
Demand for China's fast fashion boosts global air freight cargo
Links
- Madonna shares behind
- Mining giant Anglo
- Becky G dazzles in ab
- Music Review: St. Vincent's art
- Marta says this will be her final year with Brazil's women's national team
- 5 cars from the Beijing auto show that reflect China's vision for the future of driving
- Journalists critical of their own companies cause headaches for news organizations
- A Russian journalist has been detained for posts criticizing the military, his lawyer says
- Fall in love with Chinese instrument hulusi flute
- Average long