Your current location:HOME >world >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 13:36:25 Source: Internet compilationEdit:world
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.
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk2024-05-21 13:02
China's car rental market posts robust performance during Spring Festival holiday2024-05-21 12:46
Hengqin starts new customs operation in S China2024-05-21 12:01
Green shift places remote northeastern Chinese city in spotlight2024-05-21 11:33
Lynn Williams breaks NWSL goal2024-05-21 11:19
New focus boosting global supply chains2024-05-21 11:19
REVEALED: The US cities where home prices have DOUBLED the fastest2024-05-21 11:09
Aviation hub drives Beijing2024-05-21 11:09
French sports minister calls for sanctions after Monaco player tapes over anti2024-05-21 11:08
China In Perspective: Confidence, certainty and potential behind China's 2024 growth target2024-05-21 10:55
Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 20252024-05-21 13:16
Energy storage industry put on fast track in China2024-05-21 13:07
China’s unemployment rate for youth aged 162024-05-21 12:52
Demand recovery to be priority2024-05-21 12:38
Insider Q&A: CIA's chief technologist's cautious embrace of generative AI2024-05-21 12:27
China identifies 15,000 projects to be backed by 12024-05-21 11:55
Bank of Japan ends negative interest rates in historic policy overhaul2024-05-21 11:42
Nation vows to further expand opening2024-05-21 11:34
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership2024-05-21 11:29
China identifies 15,000 projects to be backed by 12024-05-21 10:52