Your current location:HOME >politics >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 14:15:40 Source: Internet compilationEdit:politics
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.
Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy2024-05-21 13:39
Train carries 261 vehicles from China's Lanzhou to Almaty2024-05-21 13:29
Latest data shows China's economic resilience2024-05-21 13:16
Construction of Xiong'an New Area in full swing2024-05-21 13:09
What's next for Iran after death of its president in crash?2024-05-21 13:03
HK youngsters in awe of nation's polar explorers2024-05-21 12:38
Kendall Jenner keeps a low2024-05-21 12:38
Stefan Frei makes 300th regular season appearance for Sounders in 02024-05-21 12:18
The government wants to buy their flood2024-05-21 12:15
NPC spokesperson affirms full support for HK's legislation of Article 232024-05-21 12:06
Siblings trying to make US water polo teams for Paris Olympics2024-05-21 13:51
Qinghai province activates development potential via featured industries2024-05-21 13:37
In pics: Hami melon cultivation underway in NW China's Xinjiang2024-05-21 13:26
Specialty agricultural products drive rural development2024-05-21 13:14
Jon Wysocki dead at 53: Staind drummer passes away2024-05-21 13:09
Mallorca probing another racial2024-05-21 13:07
Stefan Frei makes 300th regular season appearance for Sounders in 02024-05-21 13:04
HK textbooks on territorial sovereignty should meet national standards: education association chief2024-05-21 13:04
French sports minister calls for sanctions after Monaco player tapes over anti2024-05-21 12:07
Push for more parental care leave gathers pace2024-05-21 11:34