Current location:sport >>
Red Lobster seeks bankruptcy protection after closing some restaurants
sport2People 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.“Planet Perspective news portal”。http://capeverde.brittasbay.org/html-30d899898.html
Previous:Nuggets blow 20
Next:Nuggets blow 20
Related articles
Six killed in a 'foiled coup' in Congo, the army says
sportKINSHASA, Congo (AP) — Six people were killed and dozens arrested following attacks on the residence ...
【sport】
Read moreIsrael reined in by International Court of Justice rulings on Gaza
sportBy Paul Adams, BBC Diplomatic CorrespondentSouth African professor of International Law John Dugard ...
【sport】
Read moreTesla, Volvo Car pause output as Red Sea shipping crisis deepens
sportBy Victoria Waldersee, Anna Ringstrom and Marie Mannes for ReutersThe Tesla Gigafactory Berlin-Brand ...
【sport】
Read more
Popular articles
- What's next for Iran after death of its president in crash?
- China's disenchanted youth 'lie flat' to cope with modern life
- Cancer patients' travel funding boost: 'Important no one falling through the gap'
- Blizzard strikes North America, cancelling flights and disrupting presidential campaign
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- China and India hold talks over Ladakh border standoff
Latest articles
Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
Ministry of Ethnic Communities, set up to 'heal wounds' of 15 March, faces job cuts
Kaimanawa horses adoptions threatened by cost of living
Tesla, Volvo Car pause output as Red Sea shipping crisis deepens
Mohammad Mokhber: Who is Iran’s acting president?
Japan's lunar craft lands successfully but can't generate solar power
LINKS
- What's next for Iran after death of its president in crash?
- Shohei Ohtani's first walk
- Iran helicopter crash that killed President Raisi could reverberate across the Middle East
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
- Strictly star Giovanni Pernice's former partner Rose Ayling
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
- Ship that caused Baltimore bridge collapse has been refloated
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- Bella Hadid goes braless in a thigh