Current location:health >>
Red Lobster seeks bankruptcy protection after closing some restaurants
health74People 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.“Earthly Echo news portal”。http://gibraltar.prpsystems.net/news-96e699865.html
Related articles
With Djokovic awaiting the winner, Murray trails Hanfmann at rain
healthGENEVA (AP) — Needing a win to face Novak Djokovic next at the Geneva Open, Andy Murray was saved by ...
【health】
Read moreView of paddy fields in Guiyang, SW China's Guizhou
healthAerial Photo taken on Aug. 27, 2022 shows the view of paddy fields in Matou Village of Hefeng Townsh ...
【health】
Read moreXi Replies to Letter from Central Asian Students at China University of Petroleum
healthContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【health】
Read more
Popular articles
- Baby Reindeer's real
- China, Central Asia Ready for Milestone Summit to Build Closer Ties
- Russian Scholars Say Xi Jinping's Economic Thought Offers Wisdom to Global Development
- Xi Replies to Letter from Students, Calling for Greater Contributions to Rural Revitalization
- Siblings trying to make US water polo teams for Paris Olympics
- Book on Value of Xi Jinping's Economic Thought Published
Latest articles
Who is Jacob Zuma, the former South African president disqualified from next week's election?
Fuyuan in NE China makes efforts to develop its distinctive cultural tourism industry
View of spring in Beijing
China sees over 73 mln domestic tourist visits during Mid
'The Apprentice,' about a young Donald Trump, premieres in Cannes
Chinese President Appoints New Ambassadors
LINKS
- Xi Focus: Xi Stresses Enhancing Party Leadership over Armed Forces
- Ambassadors gain insights from visits to Xinjiang
- Xi Inspects SW China's Sichuan
- China launches terrestrial ecosystem carbon monitoring satellite
- Ambassadors gain insights from visits to Xinjiang
- Philippines urged to honor commitment
- Healthy competition in bilateral ties stressed
- PLA Eastern Theater Command launches unprecedented live
- China's car market sees V
- Emerging young talents carry forward traditional Chinese culture