Your current location:HOME >health >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 18:54:53 Source: Internet compilationEdit:health
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.
Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers2024-05-21 18:54
Venezuelan president warns against new threats from US2024-05-21 18:41
Charlotte Dawson puts on a VERY leggy display in a thigh2024-05-21 18:35
The Suns built a superteam with Durant, Booker and Beal. It produced zero playoff wins2024-05-21 17:45
Yvette Fielding says her Most Haunted co2024-05-21 17:35
China mulls law on customs duties2024-05-21 17:16
A kidnapped Pakistani judge has been freed in a late2024-05-21 17:06
Lebanon's Hezbollah launches attacks targeting Israeli positions: statement2024-05-21 16:37
Strictly star Giovanni Pernice's former partner Rose Ayling2024-05-21 16:34
Israeli officials concerned about possible ICC arrest warrants as pressure mounts over war in Gaza2024-05-21 16:20
Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue2024-05-21 18:43
Minister: CPEC transforms Pakistan's development landscape2024-05-21 18:18
C.J. Sansom, bestselling British author of Tudor crime thriller series, dies at 712024-05-21 18:16
China's envoy in Washington urges US to avoid Thucydides Trap in bilateral ties2024-05-21 18:15
The unstoppable duo of Emma Stone and Yorgos Lanthimos2024-05-21 18:03
C.J. Sansom, bestselling British author of Tudor crime thriller series, dies at 712024-05-21 17:39
Woman dies, 2 others hospitalized after mass drug overdose in Australia's Queensland2024-05-21 17:32
Monica Garcia suffers pregnancy loss: RHOSLC star, 39, reveals she lost her baby2024-05-21 16:59
Messi in and Dybala out in Argentina squad for pre2024-05-21 16:57
This Week: Consumer confidence, Fed policy statement, April jobs report2024-05-21 16:14