Your current location:HOME >opinions >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 08:57:55 Source: Internet compilationEdit:opinions
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.
Celebrity birthdays for the week of May 262024-05-21 08:44
Laos and Cambodia see rise in traffic deaths over New Years weekend — Radio Free Asia2024-05-21 08:19
Lottery, gambling bill heads to Alabama legislative conference committee for negotiations2024-05-21 08:18
Ecuador rations electricity as drought persists in the northern Andes2024-05-21 07:39
Adams, Reyna, Turner, Ream are US concerns ahead of Copa America2024-05-21 07:33
It was one of the most joyous2024-05-21 07:19
Travis Kelce to host game show 'Are You Smarter than a Celebrity?'2024-05-21 07:02
PGA Tour gets post2024-05-21 06:51
California congressman urges closer consultation with tribes on offshore wind2024-05-21 06:35
St James's Place paid £213K to HMRC for my inheritance tax bill2024-05-21 06:25
NBA playoffs: Edwards leads Wolves to 982024-05-21 08:44
Myanmar junta attacks garrison in bid to rescue stranded soldiers — Radio Free Asia2024-05-21 07:54
Closing prices for crude oil, gold and other commodities2024-05-21 07:45
Kentucky ballot measure should resolve school2024-05-21 07:34
Kate Hudson hits the stage to debut songs from her new album Glorious at star2024-05-21 07:22
Michigan gets 3 years of probation for football recruiting violations2024-05-21 07:08
BYU hires Suns assistant Kevin Young to replace Mark Pope, who left to coach Kentucky2024-05-21 07:03
British woman, 38, 'is raped by 202024-05-21 07:00
Why US Catholics are planning pilgrimages in communities across the nation2024-05-21 06:41
Bank of America accused of religious and political 'discrimination' by 'de2024-05-21 06:36