Current location:style >>
Red Lobster seeks bankruptcy protection after closing some restaurants
style876People 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.“Culture Corner news portal”。http://tajikistan.fictionsmistress.com/html-74b199820.html
Related articles
Ricky Stenhouse punching Kyle Busch could lead to suspension
styleNORTH WILKESBORO, N.C. (AP) — Ricky Stenhouse Jr. threw a right hook at Kyle Busch, and suddenly, an ...
【style】
Read moreXinhua Headlines: Shanghai boosts supply of necessities amid COVID
style* Shanghai's 25 million residents have been living under closed-off management since late March due ...
【style】
Read moreA glimpse of begonia flowers in the Palace Museum
stylePhoto taken on April 13, 2022 shows begonia flowers in the Palace Museum, also known as the Forbidde ...
【style】
Read more
Popular articles
- Yu Darvish extends scoreless innings streak to 25 in Padres' 9
- Scenery of cole flowers in Mugang Township, China's Guizhou
- Xi Stresses Prioritizing People's Safety, Property in Flood Prevention, Disaster Relief
- Government rules ease lending for vehicle purchases
- Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
- Chinese dancing master Yang Liping gives performance in Tianjin
Latest articles
Shooting injures 2 at Missouri high school graduation ceremony
Xi Meets Sogavare, Urging Enhanced China
Chinese dancing master Yang Liping gives performance in Tianjin
Farms a hive of activity across China
Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
China welcomes global enterprises at consumer expo in Haikou
LINKS
- Foldable phones surge in popularity amid stagnant market
- Iran, Syria sign agreement to expand comprehensive military cooperation
- Three giant pandas born in Belgium to head back to China
- Chinese, Qatari medical experts hold video conference on fighting COVID
- Xi Congratulates U.S.
- Passion fruit
- Three giant pandas born in Belgium to head back to China
- China's second domestically
- Highlights of Xi Jinping's Visit to Vietnam
- Xi Urges Guangxi to Write Its Chapter in Chinese Modernization