Your current location:HOME >business >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 15:44:29 Source: Internet compilationEdit:business
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.
Yvette Fielding says her Most Haunted co2024-05-21 15:40
Israeli military intelligence chief resigns over failure to prevent Hamas attack2024-05-21 15:39
Haiti health system nears collapse as medicine dwindles, gangs attack hospitals and ports stay shut2024-05-21 15:39
Phillies put hot2024-05-21 15:06
Student fatally shot, suspect detained at Georgia's Kennesaw State University2024-05-21 15:04
A Washington police officer killed 3 people in 8 years2024-05-21 14:32
Is Hayley Atwell pregnant? Tom Cruise's ex, 42, cradles her tummy during romantic Venetian mini2024-05-21 14:31
Australia and Papua New Guinea leaders trek toward WWII South Pacific battleground2024-05-21 14:08
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs2024-05-21 14:06
Warwick Davis will in new project with his daughter after death of his wife Samantha2024-05-21 13:22
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car2024-05-21 15:33
Matthews scores as Maple Leafs beat Bruins 32024-05-21 15:03
Kepler has 3 RBIs in return from injured list; Twins beat White Sox 72024-05-21 14:38
Stock market today: Asian stocks track Wall Street gains ahead of earnings reports2024-05-21 14:28
Nadal returns to Roland Garros to practice amid doubts over fitness and form2024-05-21 13:45
UK home secretary to visit Italy to discuss stopping migrants arriving on boats2024-05-21 13:39
UN's commission on science and technology elects new chair2024-05-21 13:37
Conference on internal combustion engines opens in China's Tianjin2024-05-21 13:17
Yu Darvish extends scoreless innings streak to 25 in Padres' 92024-05-21 13:14
Feature: 69 years on, the Bandung Spirit remains alive in the Global South2024-05-21 13:04