Current location:health >>
Red Lobster seeks bankruptcy protection after closing some restaurants
health2855People 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 Exploits news portal”。http://brazil.cassettedesign.com/news-18f599430.html
Related articles
Russian theater director and playwright go on trial over a play authorities say justifies terrorism
healthTALLINN, Estonia (AP) — A Russian court on Monday opened the trial of a theater director and a playw ...
【health】
Read moreCelebrity birthdays for the week of April 21
healthCelebrity birthdays for the week of April 21-27:April 21: Actor Elaine May is 92. Singer Iggy Pop is ...
【health】
Read moreNations rolling out red carpet for Chinese tourists
healthIndonesian Ambassador Djauhari Oratmangun said on Friday that his country welcomes Chinese people to ...
【health】
Read more
Popular articles
- Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
- Universal Beijing Resort debuts new Chinese
- Messi sidelined for Argentina friendlies with injury
- China take three golds at Badminton Asia Championships
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- Beijing universities open campuses for winter vacation tours
Latest articles
Candice Swanepoel stuns in a form
Emperor Qinshihuang's museum launches online ticket platform for overseas tourists
Democrats seek to seize control of deadlocked Michigan House in special elections
Chinese shuttlers into all five finals at Badminton Asia Championships
Shooting injures 2 at Missouri high school graduation ceremony
Shanghai Disney Resort launches Earth Month activities
LINKS
- China Issues Action Plan to Advance Disability Prevention
- ACWF President Stresses Passing on Revolutionary Spirit from Generation to Generation
- More Benefits to Chinese Women over Past Decade
- Huang Xiaowei Visits CWU Volunteers for Beijing 2022
- First National Family Education Publicity Week Launched
- Chinese State Councilor Meets Thai Princess Sirindhorn
- Chinese State Councilor Meets Thai Princess Sirindhorn
- Art Exhibition of Promoting Red Boat Spirit Kicks Off
- Huang Addresses Second Women Power Forum, Inaugural Ceremony of HKFW's Board (2021
- Shen Addresses International Forum 'Ensuring Children's Rights to a Healthy Environment'