Current location:Stellar Standpoint news portal > health
Red Lobster seeks bankruptcy protection after closing some restaurants
Stellar Standpoint news portal2024-05-21 09:33:55【health】6People 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://tajikistan.argoasecurityeu.com/html-29f899114.html
Very good!(5643)
Related articles
- Kate Hudson hits the stage to debut songs from her new album Glorious at star
- VOX POPULI: Leadership skills of the past are missing in the politics of today
- VOX POPULI: China always occupied a special place in Ozawa’s heart
- Christchurch man jailed for 14 years over role in US porn videos
- Baby Reindeer's real
- Public servants want to know if management positions will be on the chopping block
- How Kate body
- VOX POPULI: China remains same heartless nation as seen in grim 1984 film
- Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
- US Treasury Secretary Yellen visits China for high
Popular articles
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
- VOX POPULI: China always occupied a special place in Ozawa’s heart
- Beijing confirms missing Taiwan publisher Li Yanhe is under national security investigation
- Chinese warships sail around Japan as tensions rise ahead of G7 summit
Recommended
Amtrak train hits pickup truck in upstate New York, 3 dead including child
Concorde makes journey along New York's Hudson River
So, you want to be an MP? These are the careers most likely to lead to Parliament
VOX POPULI: Some celebrate while others ponder time and space on leap day
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
VOX POPULI: LDP’s Nikai’s ‘expenditures’ on books must make libraries weep
VOX POPULI: LDP lawmakers’ remarks about political funds create a paradox
Bill to make pseudoephedrine
Links
- Tori Spelling, 50, brags she has the 'lady parts of a 14
- Pamela Anderson lands starring role in The Naked Gun reboot alongside Liam Neeson
- Sudan's army chief urges for restoring membership in AU
- Katie Couric tells Bill Maher that Trump support is born out of 'anti
- Influencer, 22, left with second
- Rare bornean orangutan is born at Busch Gardens in Tampa, Florida
- Wednesday adds Steve Buscemi to highly
- Pamela Anderson lands starring role in The Naked Gun reboot alongside Liam Neeson
- Emma Roberts fans GUSH over her 'iconic' and 'magical' $3.6 MILLION 'grown
- Chinese vice premier stresses timely delivery of homes to buyers