Current location:health >>
Red Lobster seeks bankruptcy protection after closing some restaurants
health77People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“International Illustrations news portal”。http://romania.carpetcleaningepping.com/article-85e699912.html
Related articles
Four people killed in a house explosion in southwestern Missouri
healthGOODHOPE, Mo. (AP) — Four people in rural Missouri died when an explosion that could be heard 10 mil ...
【health】
Read moreBullying rife at Buller High School, students say
healthBuller High School (file image). Photo: Supplied / Google Maps ...
【health】
Read moreChristchurch man jailed for 14 years over role in US porn videos
healthThe case was heard at a court in San Diego. Photo: Getty Images ...
【health】
Read more
Popular articles
- Russian theater director and playwright go on trial over a play authorities say justifies terrorism
- VOX POPULI: The power of old photos and a deficit
- How homeowners are responding to huge insurance premium hikes
- Second dog infected with rare parasite babesia gibsoni
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- Hong Kong lawmaker's petition opposing Gay Games is prejudiced, activist says
Latest articles
What a blast to work at NASA. Space agency is sky
Politics updates: Follow updates for the latest on government targets
It's about to get more difficult for Americans to visit Brazil
VOX POPULI: The war in Ukraine enters its 3rd year with no end in sight
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
In pictures: Auckland's Ramadan Night Markets in New Lynn
LINKS
- Laverne Cox dons fascinator and cleavage
- Toney's goal drought continues after Brentford draws 0
- United Methodist delegates repeal their church’s ban on its clergy celebrating same
- Shameless taxi driver who boasted to his passengers about being pulled over for speeding
- Ashley Graham and Sam Smith go head
- Marijuana reclassification marks Biden's latest election
- Dua Lipa 'invites two
- A candidate for Germany's key party was beaten up while campaigning for European elections
- Arizona is boosting efforts to protect people from the extreme heat after hundreds died last summer
- King Charles bursts into laughter as high