Current location:sport >>
Red Lobster seeks bankruptcy protection after closing some restaurants
sport554People 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.“Cultural Carousel news portal”。http://americansamoa.prpsystems.net/content-74c599402.html
Related articles
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
sportIf you’re looking for a little bit of that “ Top Gun: Maverick ” spectacle and thrill at the movie t ...
【sport】
Read moreChina Unveils Shenzhou
sportContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【sport】
Read moreVolkswagen invests 2.5B euros to expand innovation hub in China
sportThis aerial photo taken on Aug. 20, 2023 shows a view of Volkswagen (Anhui) Automotive Company Limit ...
【sport】
Read more
Popular articles
- The unstoppable duo of Emma Stone and Yorgos Lanthimos
- Animation Featuring China's Sanxingdui Culture Set to Hit Big Screen
- Asian Para Games Day 2: China Claims 36 Golds with Tons of New Records
- China, Germany financial cooperation yields fruitful results
- Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
- Girl, 6, Acts as Translator for Her Deaf Parents Doing Foot Spa Business
Latest articles
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
40 Percent More Elderly Covered by Public Healthcare Services
Russia mourns victims of deadly terrorist attack
Wondrous Xinjiang: Plum Farming Thrives with New Tech
Russian theater director and playwright go on trial over a play authorities say justifies terrorism
4th Asian Para Games Opens in Hangzhou, E China
LINKS
- Thailand looks to woo 8 mln Chinese tourists
- 195 mln trips made through China's railways from Sep 27 to Oct 8
- 1.334 bln people covered by China's basic medical insurance
- German chancellor arrives in Chongqing to start China visit
- Chinese athletes prepare for Tokyo Olympics amid challenges
- Nine trucks arrive in Russia on trial run of new highway connecting China, Mongolia and Russia
- Prehistoric reptile fossil found in China's Three Gorges area
- China integrates BeiDou tech into youth sports
- Highlights of Australian Open women's singles first round
- Chinese swimmer Wang wins men's 200m IM at Tokyo Olympics