Your current location:HOME >health >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 14:20:16 Source: Internet compilationEdit:health
Red 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.
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift2024-05-21 14:15
Xi Congratulates Thuong on Assuming Vietnam's Presidency2024-05-21 14:14
New energy projects cater to Xizang's power needs2024-05-21 14:11
Neatly arranged new energy vehicles await shipment to overseas markets2024-05-21 13:59
Jessica Biel CHOPS her long locks into a bob after book signing in Studio City2024-05-21 13:58
Multiple safety issues haunt Boeing2024-05-21 13:27
Chinese bank unveils green bond in London2024-05-21 13:19
Lin Xiaojun wins 500m gold at short track speed skating worlds2024-05-21 13:10
What a blast to work at NASA. Space agency is sky2024-05-21 13:00
Experts call for halt to toxic water discharge2024-05-21 12:48
Inquiry slams UK authorities for failures that killed thousands in infected blood scandal2024-05-21 14:16
New energy projects cater to Xizang's power needs2024-05-21 14:08
Lin Xiaojun wins 500m gold at short track speed skating worlds2024-05-21 13:50
EHang air mobility mkt prospects taking flight2024-05-21 13:18
Ship that caused Baltimore bridge collapse has been refloated2024-05-21 12:30
Books on Study, Practice of Xi Jinping's Economic Thought Published2024-05-21 12:24
Senior CPC Officials Submit Work Reports to CPC Central Committee, Xi2024-05-21 11:50
US, Arab states at odds on truce2024-05-21 11:48
Ohio judge to rule Monday on whether the state’s abortion ban stands2024-05-21 11:46
The world in photos: Feb 26 – March 32024-05-21 11:41