Your current location:HOME >business >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 10:29:56 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.
Georgia Republicans choose Amy Kremer, organizer of pro2024-05-21 10:26
Xi signs order to promulgate regulations on honors for servicemen2024-05-21 10:26
More efforts called on to energize consumption2024-05-21 10:19
China is positive force in Kenya's economy: Kenyan business leader2024-05-21 09:48
Strictly star Giovanni Pernice's former partner Rose Ayling2024-05-21 09:34
Obstructing China's reunification will pay a heavy price: Embassy spokesperson2024-05-21 09:20
There's spring in real estate recovery2024-05-21 09:08
China's scientific research activities in relevant waters for peaceful purposes2024-05-21 09:00
Amtrak train hits pickup truck in upstate New York, 3 dead including child2024-05-21 08:44
China, Switzerland aim for updated FTA2024-05-21 07:53
Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons2024-05-21 10:28
Xi Congratulates Tamas Sulyok on Election as Hungarian President2024-05-21 10:17
Obstructing China's reunification will pay a heavy price: Embassy spokesperson2024-05-21 09:34
Xi congratulates Nangolo Mbumba on assuming Namibia's presidency2024-05-21 09:32
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates2024-05-21 09:20
DPP manipulates tourism for political purposes, harms cross2024-05-21 09:15
Xi sends congratulatory letter on completion, operation of Qinling Station in Antarctica2024-05-21 08:49
Chinese peacekeepers to DRC awarded UN Peace Medal2024-05-21 08:35
French sports minister calls for sanctions after Monaco player tapes over anti2024-05-21 08:11
First Hong Kong tour group arrives in Beijing2024-05-21 08:03