Your current location:HOME >entertainment >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 18:18:23 Source: Internet compilationEdit:entertainment
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.
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine2024-05-21 18:05
Peng Liyuan Visits Vietnam National University, Hanoi2024-05-21 18:03
World's longest undersea high2024-05-21 17:49
Comicomment丨Ocean in sorrow: influx of nuclear2024-05-21 17:40
Red Lobster seeks bankruptcy protection after closing some restaurants2024-05-21 17:37
China prepares to launch relay satellite for moon mission in Hainan2024-05-21 16:54
Comicomment丨Ocean in sorrow: influx of nuclear2024-05-21 16:48
China completes first deep2024-05-21 15:51
Company wins court ruling to continue development of Michigan factory serving EV industry2024-05-21 15:43
Chinese home appliance firms expand global market with great vigor2024-05-21 15:40
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs2024-05-21 17:42
China to build 5 tugboats for Egypt's Suez Canal2024-05-21 17:27
China's second domestically2024-05-21 17:19
Meeting of EU Foreign Affairs Council held in Brussels2024-05-21 17:18
Mystery artist who erected signs comparing pothole2024-05-21 17:13
NYC enters phase three of reopening minus indoor dining2024-05-21 17:06
Xi Inspects City of Laibin in South China's Guangxi2024-05-21 16:52
Guiyang's autonomous vehicles reflects booming development in digital manufacturing sector2024-05-21 16:41
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership2024-05-21 16:13
Three giant pandas born in Belgium to head back to China2024-05-21 15:41