Current location:Stellar Stream news portal > health
Red Lobster seeks bankruptcy protection after closing some restaurants
Stellar Stream news portal2024-05-21 17:15:40【health】6People 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://tuvalu.quotesbonanza.com/content-29c899073.html
Very good!(44)
Related articles
- Why US Catholics are planning pilgrimages in communities across the nation
- China's top diplomat to attend Munich Security Conference, visit Spain and France
- Works from Fine Arts Exhibition of Chinese Women Artists
- Xi Focus: Xi Stresses Enhancing Guarantee Ability of Land Element for High
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- Xi's Article on Strengthening, Improving Work of CPPCC to Be Published
- Sound relations built on 70 years of friendship
- China urges U.S. to cease sending wrong signals to "Taiwan independence" forces
- ‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
- Build a new world economic order with emerging forces: Italian economist
Popular articles
Recommended
Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
Xi Urges Young Officials to Take on Historical Task on New Journey
Nation's efforts to ensure food security praised
Zambian bank hails Chinese investment contribution to economic development
Kate Hudson hits the stage to debut songs from her new album Glorious at star
Mozambique inaugurates Chinese
China champions peace, development, confronts jackals, wolves head on
China's economic recovery globally significant
Links
- Proud Lionness! Mary Earps beams as she's honoured by William
- UK's little
- Hero father who 'protected his wife and daughter from sword
- I'm a vet and here's how to keep your dog safe in warmer weather
- Rise of the childless couple: Opposite
- Jay Blades is 'taking a break' from TV after shock marriage split and uncle's murder as his co
- Apple's new iPad advert featuring musical instruments being crushed is SLAMMED by critics
- Ministry of Defence is slammed over death of 'model son' soldier shot in back of the head on night
- Activist investor wins 3 Norfolk Southern board seats but won’t have control to fire CEO
- Thousands of pro