Current location:International Insight news portal > health
Red Lobster seeks bankruptcy protection after closing some restaurants
International Insight news portal2024-05-21 06:30:20【health】7People 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://srilanka.chongwenmenhotelbeijing.com/news-18b699347.html
Very good!(15431)
Related articles
- A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
- Bayer Leverkusen complete UNBEATEN Bundesliga season under Xabi Alonso as they beat Augsburg 2
- Hong Kong to hold historical French fashion exhibition
- China, other countries to spur trade
- Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
- Acosta has 1 goal, 2 assists, Cincinnati beats St. Louis 3
- 1 killed, 3 injured in Israeli strikes on Lebanese villages
- Bayer Leverkusen complete UNBEATEN Bundesliga season under Xabi Alonso as they beat Augsburg 2
- A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
- Man shoots his 6
Popular articles
Recommended
Verona confirms Serie A status for another year after beating Salernitana
South Africa elections 2024: What you need to know
I caught a Ryanair flight and saw so many people making the same £46 mistake
China box office tops 215 mln USD over May holiday, craves more hits
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
Over 4,000 species affected by wildlife trafficking: UN report
Iran's leader condemns U.S. police's violence against pro
Bank of America trader, 25, dies suddenly 'of a cardiac arrest' during work event
Links
- Shanghai released 2024 events guide
- People savor beautiful sights of spring flowers across China
- Prabowo Subianto wins 2024 Indonesian presidential election
- Hamas chief reaffirms commitment to ceasefire demands
- I'm an influencer and these are the things I never expected about the job
- China urges US to immediately stop meddling in Hong Kong affairs
- Beijing International Film Festival to feature French film week
- Death toll from Moscow terror attack rises to 93
- Beijing International Film Festival to feature French film week
- UK's Princess of Wales says she is under cancer treatment