Your current location:HOME >travel >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 16:01:56 Source: Internet compilationEdit:travel
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.
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift2024-05-21 15:43
2025 Asian Winter Games to Highlight Environmental Protection, Technology2024-05-21 15:39
Chinese VP meets Royal Philips CEO2024-05-21 15:39
Russian FM to visit China2024-05-21 15:25
What a blast to work at NASA. Space agency is sky2024-05-21 15:24
SpaceX launches 23 more Starlink internet satellites into space2024-05-21 15:03
Promoting Harmony Within Families2024-05-21 14:50
4th China International Consumer Products Expo to Kick off in Hainan2024-05-21 13:39
NBA playoffs: Edwards leads Wolves to 982024-05-21 13:34
China's Dunhuang, French Museum to Co2024-05-21 13:24
Mohammad Mokhber: Who is Iran’s acting president?2024-05-21 15:45
Overseas investors, entities bullish about China's economic growth after industrial data2024-05-21 15:21
SpaceX launches 23 more Starlink internet satellites into space2024-05-21 14:27
Letter from China: New quality productive forces mark Chinese path to future2024-05-21 14:26
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang2024-05-21 14:19
Event to Promote Love of Reading to Be Held in Kunming2024-05-21 14:12
Promoting Sex2024-05-21 14:01
Tongzi Women's Federation Promotes Sex2024-05-21 13:58
Strictly star Giovanni Pernice's former partner Rose Ayling2024-05-21 13:49
Book on People2024-05-21 13:45