Current location:sport >>
Red Lobster seeks bankruptcy protection after closing some restaurants
sport15878People 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.“Earthly Elements news portal”。http://indonesia.highlanderdistrict.org/html-85d899058.html
Related articles
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
sportPHOENIX (AP) — The nonpartisan Commission on Presidential Debates, which has planned presidential fa ...
【sport】
Read moreCanucks goalie Thatcher Demko will miss Game 2 against Predators
sportVANCOUVER, British Columbia (AP) — The Vancouver Canucks will be without goalie Thatcher Demko when ...
【sport】
Read moreFamily pay tribute to 'vibrant and loving' mother, 25, found dead in car in Hackney
sportA family have paid tribute to their 'vibrant and loving' mother who was found dead inside a car on a ...
【sport】
Read more
Popular articles
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- Orioles call up another top prospect in OF Heston Kjerstad, who hit 10 HRs in 21 games at Triple
- Hundreds of German police subdue 'hooligans' in training exercise for Euro 2024
- Analysts: US missile deployment expected to assist Philippines’ defense — Radio Free Asia
- 'The Apprentice,' about a young Donald Trump, premieres in Cannes
- Housing crisis laid bare as couple turn disused bus stop into a temporary home
Latest articles
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
Rebel Wilson's explosive memoir is set to be published in the UK
Texas deputy dies after being hit by truck while helping during accident
Woman charged with murder in crash that killed young brother and sister at birthday party
Ben Whishaw lights up the Croisette as he joins his co
Prince Louis birthday portrait taken by Kate Middleton is released on day he turns 6
LINKS
- My toddler saved my life after I had an epileptic seizure and fell in the bath
- Food writer baffles This Morning viewers with tips for cheap lunches
- I'm a psychologist
- Core blimey: Poached pears with blackberry drizzle and hazelnut shortbread
- I endured aggressive chemo and said goodbye to my family after being given just 15 months to live
- 'The more, the merrier!' Mother of Princess Beatrice's stepson says she is still close with her ex
- 8000 unvaccinated or partly vaccinated health workers were allowed to keep working
- Masterful meals: Pea and white truffle soup with Parmesan galettes
- Government agrees to slash road user charges for plug
- Why Kate Middleton waited to announce her cancer diagnosis