Current location:International Investigation news portal > politics
Red Lobster seeks bankruptcy protection after closing some restaurants
International Investigation news portal2024-05-21 19:33:46【politics】0People 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://mozambique.bahnsport.org/html-41c699279.html
Very good!(9649)
Related articles
- Georgia Republicans choose Amy Kremer, organizer of pro
- Tale of the state pension underpaid for 20 YEARS: This is Money podcast
- United Airlines flight is forced to DIVERT after a dog POOPED in first class aisle
- Inside the Cambodian hotel with rooms fit for top
- Messi in and Dybala out in Argentina squad for pre
- Independent publisher rejected from taking part in Hong Kong Book Fair
- Forget the city centre
- Revealed: The pernickety passport rules Brits NEED to know before the Easter getaway
- Yu Darvish extends scoreless innings streak to 25 in Padres' 9
- I took a flight from Bristol to Edinburgh instead of getting the train
Popular articles
Recommended
Children are evacuated from school 'during an exam' after threat made via email
From caves to lagoons and lost
Sharp rise in rental fraud including faking payslips, as tenants seek to fight off competition
Inside the Cambodian hotel with rooms fit for top
Verona confirms Serie A status for another year after beating Salernitana
A nation of explorers? Poll reveals that nearly a quarter of Brits have never even visited SCOTLAND
HK$3.5 billion Hong Kong Palace Museum opens after typhoon delay
Go on holiday for just £6.40 with the Mail experts' guide to the best bargain trips
Links
- Protests over government's plans to repeal Smokefree legislation in Auckland and at Parliament
- New Zealand man killed in suspected hit
- Winston Peters 'not going back' on co
- Bangladesh PM Hasina secures fourth straight term in vote boycotted by main opposition
- Worldwide coronavirus deaths exceed 16,500
- Knife attack at China school injures dozens
- HKFP Lens: 'Dear Hong Kong' celebrates city's diversity with new photo book
- Hundreds of lizards seized in Australia police bust
- 40 earthquake
- Protests over government's plans to repeal Smokefree legislation in Auckland and at Parliament