Current location:style >>
Red Lobster seeks bankruptcy protection after closing some restaurants
style685People 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.“Stellar Stream news portal”。http://slovenia.videocameralive.com/content-96c699267.html
Previous:Tom Brady and Jay
Related articles
Fresh heartache for cancer
styleCancer-stricken King Charles will be feeling fresh heartache after a former IRA commander confessed ...
【style】
Read moreDomestic 5
styleBeijing, March 27 (Youth.cn)- A domestic 5-ton natural hydrogen liquefaction system cold box was unv ...
【style】
Read moreXi Congratulates Thuong on Assuming Vietnam's Presidency
styleContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【style】
Read more
Popular articles
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- Experts call for halt to toxic water discharge
- Xi Holds Talks with Iranian President, Eyeing New Progress in Ties
- Fears mount that Italy's other leaning tower may fall
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- Chinese tourists' return greeted by destinations
Latest articles
LINKS
- Winter tour in Guizhou
- Beijing speeds up to build international tech innovation hub
- Soderberg maintains strong recent form to share first
- Japan's Kishida unveils a framework for global regulation of generative AI
- Guangzhou Railway Group suspends 62 trains due to heavy rain
- House committee delays vote on bill to allow inmates to participate in parole hearings
- Paris inaugurates giant water storage basin to clean up the River Seine for Olympic swimming
- Consumer groups push Congress to uphold automatic refunds for airline passengers
- Double landmine blast kills one person and wounds at least 18 in Pakistan’s southwest
- One Tech Tip: How to repair an electric toothbrush