Current location:sport >>
Red Lobster seeks bankruptcy protection after closing some restaurants
sport5598People 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 Sights news portal”。http://eritrea.ekjotinstitute.com/content-96c499491.html
Related articles
NBA playoffs: Edwards leads Wolves to 98
sportDENVER (AP) — Anthony Edwards overcame a slow start and the Timberwolves roared back from a 20-point ...
【sport】
Read moreBook of Xi's Discourses on Working Class, Trade Unions Published
sportContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【sport】
Read moreDomestic oil, gas production hits record in 2023
sportOil and gas production reached a record high in China last year, as domestic companies stepped up up ...
【sport】
Read more
Popular articles
- Cruise worker 'murders newborn son on board ship': Shocked co
- Domestic oil, gas production hits record in 2023
- Private sector to get active support for major projects
- China specifies steps to improve payment services in tourist attractions
- Who is Jacob Zuma, the former South African president disqualified from next week's election?
- Novel mineral sheds light on rare
Latest articles
Liverpool confirms Arne Slot as Jurgen Klopp's replacement
Country presses the accelerator on rail development
Xi in My Eyes
China specifies steps to improve payment services in tourist attractions
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
Xi Urges Teachers to Contribute More to Realizing National Rejuvenation
LINKS
- Alaska Airlines has brief ground stop due to technical issue
- Edmunds: Avoid these 3 mistakes when buying a used car sight unseen
- Baby not on board! Mother with three
- Man up for parole more than 2 decades after Dartmouth College professor stabbing deaths
- Man arrested after 3 shot to death in central Indiana apartment complex
- Minnesota toddler dies after fall from South Dakota hotel window
- You could miss out on the dream of retiring to Spain
- Clarifications and corrections
- The U.N. rights chief says eastern Congo's escalating violence is being forgotten by the world
- Garland defends Biden's mental fitness and says he has 'complete confidence' in him