Current location:Culture Cross news portal > entertainment
Red Lobster seeks bankruptcy protection after closing some restaurants
Culture Cross news portal2024-05-21 18:01:27【entertainment】5People 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.
Address of this article:http://gambia.adventistmissionjapan.org/article-74c399617.html
Very good!(53)
Related articles
- Ricky Stenhouse punching Kyle Busch could lead to suspension
- Ozuna's 3
- A sneak peek inside China's first Northeast folk culture
- Mets get 2 in 8th to snap scoreless tie and beat Royals 2
- Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
- Heat tune up for postseason by topping Raptors 118
- Masataka Yoshida hits 1 of 3 homers for the Red Sox, who beat Angels 5
- Congo landslide kills at least 15 people and up to 60 others are missing, officials say
- Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
- Kenyan students celebrate China's Mid
Popular articles
- Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
- Musicians from Philadelphia Orchestra, Suzhou Symphony Orchestra stage chamber concert in Jiangsu
- Frank Nazar scores on first shot in NHL debut with Chicago Blackhawks
- Strong earthquake rattles Papua New Guinea, but there is no tsunami alert or reports of damage
Recommended
Nuggets blow 20
China to launch national survey on cultural relics
Guardians rally for 3 runs in 10th inning to stun Yankees 8
2023, my memories of China
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
Incense industry thrives in Yongchun county, SE China's Fujian
Suns skip play
Kenyan students celebrate China's Mid
Links
- Julia Louis
- Former Missouri day care operator sentenced to 24 years for infant's death
- Edmonton Oilers making goalie change. Backup Calvin Pickard will start Game 4 against the Canucks
- How does Cannes work? From the standing ovations to the juries, the film festival explained
- Despite safety warnings, police departments continue misapplying restraint positions and techniques
- Giuliani bankruptcy judge frustrated with case, rebuffs attempt to challenge $148 million judgment
- North Carolina bill to curb mask
- Israelis mark a subdued Independence Day under the shadow of war in Gaza
- Baltimore bridge: Cargo ship that caused collapse had power blackout hours before leaving port
- Chinese premier urges Canton Fair to better serve opening up