Current location:World Weaver news portal > health
Red Lobster seeks bankruptcy protection after closing some restaurants
World Weaver news portal2024-05-21 14:20:09【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://holyseevaticancity.fightbigfood.org/news-18f199793.html
Very good!(5342)
Related articles
- Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
- Technician Leads Team in Making Scientific, Technological Innovations
- Innovating Rice Planting with Passion
- Promoting Greater Understanding of TCM Culture in France
- Why US Catholics are planning pilgrimages in communities across the nation
- Spring Bud Moms Illuminate Girls' Lives
- Family 'Backs Up' Firefighter's Effort to Save Lives
- Women's Social Organizations Provide Caring Services to Children
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- Cultivating a Green Farm
Popular articles
Recommended
Cruise worker 'murders newborn son on board ship': Shocked co
A Couple's Efforts to Build a Strong Aviation Country
A More Beautiful World Built, Shared by All
Village Official Promotes Rural Residents' Well
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
Establishing China's First Private Restaurant
Pluck and Moxie! Trailblazer Dedicated to Saving Lives During Emergencies
Yang Langlang: School Principal Secures Wonderful Childhood for Every Student
Links
- José Soriano pitches 6 sharp innings as the Angels beat the Guardians 6
- Contreras keys 3
- Flood and landslide hit Indonesia's Sulawesi island, killing 14
- Court appearance for country star Morgan Wallen in chair
- Beijing eases restrictions on home
- DAILY MAIL COMMENT: A thumping, but PM must keep up the fight
- Fox News' Bill Hemmer heads north — way north — for look at U.S. military preparedness
- Bologna draws at Torino and misses chance to go third in Italy
- Arsenal to pay tribute to Gunners fan Daniel Anjorin after the 14
- Angels star outfielder Mike Trout has knee surgery. Team expects 3