Current location:Culture Currents news portal > style
Red Lobster seeks bankruptcy protection after closing some restaurants
Culture Currents news portal2024-05-21 08:25:02【style】4People 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.
Address of this article:http://serbiaandmontenegro.izmirambar.net/content-07c699337.html
Very good!(9423)
Related articles
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- Rosie Huntington
- Jurgen Klopp's gamble backfires as lacklustre Liverpool lose 3
- Government needs to 'step up' and support rainbow community amid protest
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- Revealed: The startling number of English
- Ivan Toney and Brentford teammate Nathan Collins have a heated argument on the pitch
- Man United promote 18
- Who is Jacob Zuma, the former South African president disqualified from next week's election?
- What kind of cancer did O.J. Simpson die from?
Popular articles
Recommended
Liverpool confirms Arne Slot as Jurgen Klopp's replacement
Man United are 'playing like a small club', blasts Roy Keane after their 2
Jeffrey Dean Morgan cuddles up to Hilarie Burton as loved
Donna Kelce flies into Cincinnati for Travis and Jason's live New Heights showt
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Revealed: The startling number of English
Bayern Munich kick a ball around a £3,500
Ole Gunnar Solskjaer is cut from 80/1 to ODDS
Links
- Inter Milan 2
- China reclaim Thomas & Uber Cup
- Zhejiang overcomes Xinjiang to tie CBA playoff semis
- China reclaim Thomas & Uber Cup
- Best of geology, topography, botany & anthropology
- Rays starter Ryan Pepiot likely heading to IL after getting hit on left calf by a 107.5 mph liner
- Port city Lianyungang showcases cultural appeal
- Inter Milan 2
- The North Korean official whose propaganda helped build the Kim dynasty dies at 94
- China Cruise Shipping Conference opens in Shenzhen