Current location:Worldly Web news portal > world
Red Lobster seeks bankruptcy protection after closing some restaurants
Worldly Web news portal2024-05-21 18:19:12【world】1People 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.fidosfortywinks.com/content-30c499557.html
Very good!(94)
Related articles
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- China Makes Remarkable Progress in Education in 2022
- Lucheng Women's Federation Promotes Law
- Hebei Improves Cadres' Ability to Protect Women, Children's Rights
- Iran helicopter crash that killed President Raisi could reverberate across the Middle East
- Ordos Protects Women Employees' Rights
- Ordos Protects Women Employees' Rights
- Federation Cultivates 'Legal Docents' to Help Residents Protect Rights
- Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
- Fuzhou Establishes Women Employees' Rights
Popular articles
Recommended
Target to lower prices on basic goods in response to inflation
Federations Help Women Protect Rights Through Hotline
Mechanism Protects Domestic Violence Victims
Hotlines Provide Rights
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
CPPCC Beijing Municipal Committee Convenes Gathering to Mark Int'l Women's Day
Federations Use Online Database to Better Help Disadvantaged Women, Children
Federation's Role in Advancing Children's All
Links
- Klopp says he has 'no problem' with Salah after touchline spat
- Sudanese military leader's son dies of injuries following a motorcycle crash in Turkey
- Bomb kills 5 people, including children, at a refugee camp in eastern Congo
- French cyberwarriors ready to test their defense against hackers and malware during the Olympics
- The Block's Liberty Paschke reveals her horrifying encounter with a magpie: 'I'm so scared'
- Kenya president postpones reopening of schools as flood
- The Block's Liberty Paschke reveals her horrifying encounter with a magpie: 'I'm so scared'
- Inside King Charles's '12
- Floyd Mayweather gifts $30k to homeless men before Clippers
- To men, Marilyn Monroe was a sex object, a meal ticket, a 'feather