Current location:Global Gleam news portal > travel
Red Lobster seeks bankruptcy protection after closing some restaurants
Global Gleam news portal2024-05-21 14:41:45【travel】4People 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://suriname.fidosfortywinks.com/news-07b199803.html
Very good!(4857)
Related articles
- Strictly star Giovanni Pernice's former partner Rose Ayling
- Prabowo Subianto wins 2024 Indonesian presidential election
- Teenager is charged with terrorism offenses in stabbings of bishop and priest at Sydney church
- Chasing 5th straight win, Nelly Korda is 2 shots back at Chevron Championship after a first
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- New York man Craig Ross Jr is sentenced to 47 years to life for sexually assaulting nine
- Ilhan Omar's activist daughter Isra Hirsi is suspended from Barnard College over anti
- Finding an apartment may be easier for California pet owners under new legislation
- Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
- JANET STREET
Popular articles
Recommended
Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
Dubai rain: Emirates again halts local flight check
Flyers at migrant camp show how the border is inflaming US politics
Attack blamed on IS militants kills 22 pro
Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
Chinese Grand Prix could deliver drama to F1 and slow Verstappen's victory march
Iran's missile, drone program among targets of upcoming U.S. sanctions: White House
Chicago's response to migrant influx stirs longstanding frustrations among Black residents
Links
- Feyenoord coach Arne Slot says his club in talks with Liverpool over a move to Anfield
- MLB Players Weekend returns from Aug. 16
- First cargo ship passes through newly opened channel in Baltimore
- Roma beats Udinese 2
- Christy Turlington, 55, showcases her age
- National Guard soldiers were not called to address Israel
- Google parent reports another quarter of robust growth, rolls out first
- Matty Healy breaks his silence over ex Taylor Swift's new album The Tortured Poets Department
- Union Pacific's first
- John Terry reveals Rio Ferdinand has blanked him on the beach in Dubai in a bitter 13