Current location:Planet Pulse news portal > opinions
Red Lobster seeks bankruptcy protection after closing some restaurants
Planet Pulse news portal2024-05-21 14:35:09【opinions】8People 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://virginislands.fidosfortywinks.com/content-74d099924.html
Very good!(23)
Related articles
- Kate Hudson hits the stage to debut songs from her new album Glorious at star
- FM urges U.S. actions to honor pledges
- The main forum of Global Digital Economy Conference 2023 Lhasa Summit was held
- 50 city volunteer service stations for the Chengdu 2021 FISU Games went live
- Biden says Brown v. Board of Education ruling was about more than education
- Von der Leyen makes bid for 2nd EU term
- Chinese FM mourns passing of renowned Japanese conductor Seiji Ozawa
- Xi stresses promoting equipment renewal, trade
- The Latest
- Objection to cease
Popular articles
Recommended
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
Hayao Miyazaki's animated fantasy stays atop Chinese box office
Beijing International Film Festival to feature French film week
Xi, Honduran President Exchange Congratulations on 1st Anniversary of Ties
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
China making its mark in global services trade
Chinese military ready to boost ties with Indonesian counterpart: defense spokesperson
New UK sanctions targeting Chinese companies over Ukraine crisis are unilateralism:embassy
Links
- Handan Women's Federation Helps Rural Residents Better Understand Laws
- Hejian Helps Residents Resolve Family Disputes
- Fuzhou Establishes Women Employees' Rights
- Shanghai Protects Women's Rights, Interests
- Training Promotes Federations' Rights
- Federations Help Women Protect Rights Through Hotline
- Promoting Laws
- Association Promotes Development of Scientific, Technological Women Workers
- Federations Help Women Protect Rights Through Hotline
- Six Women Elected Members of CAS, CAE