Current location:sport >>
Red Lobster seeks bankruptcy protection after closing some restaurants
sport65People 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.“International Idiom news portal”。http://saintpierreandmiquelon.tokosaranateknik.com/article-41c899073.html
Related articles
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
sportWASHINGTON (AP) — Defense Secretary Lloyd Austin committed Monday to keeping U.S. weapons moving to ...
【sport】
Read moreModels of China's space station and lunar rover Yutu displayed in Vienna
sportPhoto taken on Sept. 28, 2021 shows a model of China's lunar rover Yutu at the Vienna International ...
【sport】
Read moreChina's mobile phone shipment tops 33 mln in January
sportA staff member displays a mobile phone screen film that can generate 3D vision with phone applicatio ...
【sport】
Read more
Popular articles
- Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
- Huawei launches HarmonyOS 2 for smartphones
- Founder of beverage giant Wahaha passes away at 79
- Mars probe Tianwen 1 leaves Chinese mark on red planet
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- Explainer: Payment service guide for overseas visitors to China
Latest articles
Yvette Fielding says her Most Haunted co
Expos back in business across nation
Automakers aiming to become shipshape as exports make waves
2022 World Internet Conference Wuzhen Summit sees record participants
Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
Mainland a hot holiday attraction for HK tourists
LINKS
- Nicolai Hojgaard goes from late third
- Infographic: What is Davos
- I blocked off my driveway with £34 tool from Screwfix
- Yemen's Houthis claim launching missile attacks at U.S. commercial vessels, navy warships
- Samuel Ersson blanks Devils to keep Flyers' slim playoff hopes alive in 1
- Netanyahu, Biden talk over hostages, aid to Gaza
- Pictured: First
- UK cuts national insurance contributions for workers in spring budget
- Sri Lanka extends demining body's tenure for landmine free nation
- Gaza protester, 28, says she'll murder lawmakers at public meeting