Current location:sport >>
Red Lobster seeks bankruptcy protection after closing some restaurants
sport87483People 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.“Global Gateway news portal”。http://morocco.tokosaranateknik.com/news-29a799906.html
Related articles
Baby Reindeer's real
sportThe 'real-life Martha' from Baby Reindeer bombarded Sir Keir Starmer with almost 300 emails, it has ...
【sport】
Read moreHoroscope today: Daily guide to what the stars have in store for YOU
sportThe final episode of 'Friends' aired 20 years ago today. Unlike many sitcoms, its popularity endures ...
【sport】
Read moreArozarena hits tying homer off Díaz in 9th, DeLuca's 2
sportST. PETERSBURG, Fla. (AP) — Randy Arozarena hit a tying homer off Edwin Díaz with two outs in the ni ...
【sport】
Read more
Popular articles
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- Box Office: 'The Fall Guy' gets a muted $28.5M opening
- Cast of the Lord of the Rings pay tribute to late co
- Red Stars down Bay FC 2
- Here comes the char
- As China and Iran hunt for dissidents in the US, the FBI is racing to counter the threat
Latest articles
Four people killed in a house explosion in southwestern Missouri
Why Airbus is staying humble even as Boeing flounders
Frank Stella, renowned American artist, dies at 87
Pakistan witnesses at least 77 attacks resulting 70 fatalities in April: report
Student fatally shot, suspect detained at Georgia's Kennesaw State University
Perth Stabbing: Teen shot dead by police was in deradicalization program
LINKS
- China to continue to prioritize employment promotion
- FM trip to aid stability in Asia
- Palestinians seek unity with appointment of new PM
- Xi holds talks with Angolan president
- Meet trying to divide world, observers say
- UN human development report shows China's great progress
- Beijing urges respect in South China Sea dispute
- Strides made toward more global diversity
- Global South main force behind reforming international order, Wang says
- President Xi engages in lively discussion with deputies