Your current location:HOME >health >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 10:29:25 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.
Iran helicopter crash that killed President Raisi could reverberate across the Middle East2024-05-21 10:07
Tibet's Rural Residents Enjoy Improved Livelihood over Past Decade2024-05-21 10:00
Chinese Scientists Develop New Method to Preserve Female Fertility2024-05-21 09:55
Four More Chinese Irrigation Projects Designated World Heritage Structures2024-05-21 09:38
Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS2024-05-21 09:29
Medical Experts Provide Free Medical Services for Villagers in S China's Guangxi2024-05-21 09:27
China to Further Integrate Culture, Tourism2024-05-21 08:27
Highlights of First Vocational Skills Competition of Jiangxi in E China2024-05-21 08:22
Liverpool confirms Arne Slot as Jurgen Klopp's replacement2024-05-21 08:11
China's Ice2024-05-21 07:59
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it2024-05-21 10:21
Ethnic Minority Group in China's Heilongjiang Welcomes Upcoming Chinese Lunar New Year2024-05-21 10:14
China to Further Integrate Culture, Tourism2024-05-21 09:46
Xinhua Headlines: China Sees New Year Consumption Recovery, Eyes 2023 Growth2024-05-21 09:34
Red Lobster seeks bankruptcy protection after closing some restaurants2024-05-21 09:32
Winter Fishing2024-05-21 09:15
Foods from Around World Showcased During 5th CIIE2024-05-21 09:03
China Starts Pilot Program to Build Better Urban Communities2024-05-21 08:52
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire2024-05-21 08:10
Four More Chinese Irrigation Projects Designated World Heritage Structures2024-05-21 07:59