Your current location:HOME >politics >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 11:40:08 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.
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse2024-05-21 11:38
Paddy McGuinness insists he'll support ex2024-05-21 11:23
Star Trek reunion! Sir Patrick Stewart dines with longtime co2024-05-21 11:12
Suns guard Grayson Allen aggravates ankle injury vs. Timberwolves. Phoenix falls into 02024-05-21 11:03
The fightback begins: Boss of London's Queen Mary University tells pro2024-05-21 10:56
Gilbert has stellar start for Mariners and JRod goes deep in 42024-05-21 10:45
Who is Baby Reindeer actress Nava Mau? And is her character Teri a real person?2024-05-21 10:37
Shawn Mendes, 25, REUNITES with chiropractor pal Dr. Jocelyne Miranda, 52, for morning walk in LA2024-05-21 10:01
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia2024-05-21 09:19
Iranian President Ebrahim Raisi to inaugurate Sri Lankan hydropower and irrigation project2024-05-21 09:05
Tom Brady and Jay2024-05-21 11:30
Livvy Dunne hints she may NOT return to LSU for a fifth year2024-05-21 11:21
Teresa Palmer dazzles in rhinestones and a plunging top in behind2024-05-21 11:19
Kaley Cuoco poses up with her steamy Based On A True Story leading man Tom Bateman at star2024-05-21 11:11
Nadal returns to Roland Garros to practice amid doubts over fitness and form2024-05-21 10:59
Moment out2024-05-21 10:25
Pavin Smith hits grand slam and drives in 6 runs as Diamondbacks rout Cardinals 142024-05-21 10:24
A Greek lawmaker faces criminal charges following a brawl in parliament2024-05-21 10:05
What a blast to work at NASA. Space agency is sky2024-05-21 09:43
A Greek lawmaker faces criminal charges following a brawl in parliament2024-05-21 09:20