Your current location:HOME >sport >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 12:47:41 Source: Internet compilationEdit:sport
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.
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit2024-05-21 12:19
AP Week in Pictures: Europe and Africa2024-05-21 12:11
Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operations2024-05-21 11:50
Closing prices for crude oil, gold and other commodities2024-05-21 11:28
Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed2024-05-21 11:15
Journalists critical of their own companies cause headaches for news organizations2024-05-21 11:08
British man charged with acting on behalf of Russia in plot to torch Ukrainian2024-05-21 11:07
Wendy Williams' court2024-05-21 10:44
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer2024-05-21 10:17
What to expect in New York's special congressional election2024-05-21 10:01
Jon Wysocki dead at 53: Staind drummer passes away2024-05-21 12:38
Music Review: St. Vincent's art2024-05-21 12:10
How major US stock indexes fared Thursday, 4/25/20242024-05-21 12:05
Madonna shares behind2024-05-21 12:02
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire2024-05-21 12:02
Taraji P. Henson the busty bombshell blows a kiss on red carpet at star2024-05-21 12:01
Chinese film festival screens 8 Russian movies2024-05-21 12:00
‘Alien: Romulus’ director teases how the new film connects to its roots2024-05-21 11:43
Lynn Williams breaks NWSL goal2024-05-21 10:43
Andrew Tate's trial on charges of rape and human trafficking can start, a Romanian court rules2024-05-21 10:37