Current location:politics >>
Red Lobster seeks bankruptcy protection after closing some restaurants
politics34People 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.“Stellar Station news portal”。http://kenya.downmusic.org/content-29a799194.html
Related articles
Bella Hadid goes braless in a thigh
politicsShe is one of America's most recognisable fashion models.And Bella Hadid continued to show why she i ...
【politics】
Read moreDancer Sheds Light on Living with a Hearing Disability
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read moreChengdu beat Zhejiang to go second in CSL
politicsWei Shihao scored his first goal for Chengdu Rongcheng in a 3-0 victory over Zhejiang FC in the fift ...
【politics】
Read more
Popular articles
- Target to lower prices on basic goods in response to inflation
- China's UFC warriors proud as punch
- The IRS is quicker to answer the phone on this Tax Day
- Special School Teacher Educates Minds and More of Hospitalized Students
- Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
- China wins Asian Games women's hockey title, seals Olympic qualification
Latest articles
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
Chinese vice premier stresses importance of sci
10 Outstanding Women Honored as National March 8th Red
University Graduate Develops Cooperative, Helps Farmers Attain Wealth
What a blast to work at NASA. Space agency is sky
Feature: Guardian of Marine Species in China's Hainan
LINKS
- Russia launches a 'massive' missile and drone attack on Ukraine's energy facilities
- Republicans renew push to exclude noncitizens from the census that helps determine political power
- Dogs entering US must be 6 months old and microchipped to prevent spread of rabies, new rules say
- Sports host Katie Nolan questions if Ben Affleck 'was on drugs' during Tom Brady roast
- Another tennis player suspended for corruption linked to match
- Met Gala 2024: Photos from the Mark Hotel
- Republicans renew push to exclude noncitizens from the census that helps determine political power
- Father's grief after boy, 14, with 'no concept of danger' is found dead in river after vanishing
- New Jersey deadbeat dad's final sickening act as strangers fought to save his six
- Noting campus protests, Democrats are preparing for intense action at their summer convention