Current location:opinions >>
Red Lobster seeks bankruptcy protection after closing some restaurants
opinions2People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Window news portal”。http://palau.popular-vines.com/news-74f399615.html
Related articles
The government wants to buy their flood
opinionsHOUSTON (AP) — After the floodwaters earlier this month just about swallowed two of the six homes th ...
【opinions】
Read moreBeijing slams Washington for spreading false info
opinionsUS Secretary of State Antony Blinken. [Photo/Agencies]Beijing hit back at Washington's slandering of ...
【opinions】
Read moreThe world in photos: Feb 26 – March 3
opinionsThe opening plenary of Multilateral Environment Agreements Day of the sixth session of the United Na ...
【opinions】
Read more
Popular articles
- Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
- AI will continue to make waves in 2024
- Chinese tourists' return greeted by destinations
- Explainer: How Is China's Vision of Building a Community with a Shared Future for Mankind Viewed?
- Yvette Fielding says her Most Haunted co
- China Focus: China Issues No. 1 Central Document for 2023, Highlights Rural Vitalization Tasks
Latest articles
Red Lobster seeks bankruptcy protection after closing some restaurants
Highlights of Xi and Putin's Talks in Russia
Visa waiver to boost tourism in Malaysia
Asian regional cooperation highlighted at security meeting
Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
Xinhua Headlines
LINKS
- Consistent at making cuts, Mark Hubbard now aims to make it pay off at the PGA Championship
- Scheffler looks to the weekend after PGA Championship arrest
- Rays' Tyler Alexander comes within 5 outs of perfect game against Blue Jays
- Dodgers acquire lefty Anthony Banda from Guardians for cash
- LPGA monitoring health issues after 10 players withdraw from Mizuho Americas Open
- Kentucky Derby winner Mystik Dan takes on 7 other horses in the 149th Preakness
- China discloses tasks of Shenzhou
- Gunnar Henderson's leadoff homer launches big 1st inning for Orioles in 9
- After starting his day in jail, Scheffler finds peace on the course and a chance to win, too
- Some rivers within Pearl River, Yangtze River basins to see floods above warning level