Current location:International Intricacies news portal > entertainment
Red Lobster seeks bankruptcy protection after closing some restaurants
International Intricacies news portal2024-05-21 16:21:42【entertainment】9People 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://papuanewguinea.argoasecurityeu.com/article-63d699303.html
Very good!(36967)
Related articles
- Verona confirms Serie A status for another year after beating Salernitana
- Offices Help Mediate Family Disputes
- Handan Women's Federation Helps Rural Residents Better Understand Laws
- China Promulgates Policies to Support Childbirth
- Georgia Republicans choose Amy Kremer, organizer of pro
- Procuratorate, Federations Strengthen Protection of Women, Children's Rights, Interests
- Lucheng Women's Federation Promotes Law
- Six Women Elected Members of CAS, CAE
- Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
- Station Provides Legal Aid, Services to Changchun Women
Popular articles
Recommended
The fightback begins: Boss of London's Queen Mary University tells pro
Hebei Combats Domestic Violence
Village Officials Help Residents Resolve Marital, Family Disputes
Improving Cadres' Ability to Protect Women's Rights
Who is Jacob Zuma, the former South African president disqualified from next week's election?
Building a Beautiful Home
Police Stations Establish Women, Children's Rights
Training Promotes Federations' Rights
Links
- Jeremy Clarkson's Diddly Squat goes online! Ex
- Countertenor Anthony Roth Costanzo to become general director of Opera Philadelphia
- Love Island's Molly Smith shows off her incredible abs in a sexy cut
- First cargo ship passes through newly opened channel in Baltimore
- Roma beats Udinese 2
- ABBA film chronicling the Swedish band's rise to global stardom includes never
- Tennessee lawmakers approve bill criminalizing adults who help minors receive gender
- Federal judge temporarily blocks confusing Montana voter registration law
- Feyenoord coach Arne Slot says his club in talks with Liverpool over a move to Anfield
- Amanda Holden flashes her toned abs in plunging crop top as she wows in daring ensemble