Your current location:HOME >health >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 18:19:12 Source: Internet compilationEdit:health
Red 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.
Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry2024-05-21 18:09
Palestinian death toll in Gaza rises to 33,175: ministry2024-05-21 17:58
On a train bound for spring2024-05-21 17:56
Demonstration zone in Hainan shows China's green practices2024-05-21 17:41
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia2024-05-21 17:40
Chinese movie tackles pyramid schemes2024-05-21 17:31
2nd Airbus A320 assembly line project under construction in Tianjin2024-05-21 16:11
Raptors hand Wizards franchise2024-05-21 16:00
Amtrak train hits pickup truck in upstate New York, 3 dead including child2024-05-21 15:59
Nicaragua severs diplomatic relations with Ecuador after assault on Mexican embassy2024-05-21 15:52
Celebrity birthdays for the week of May 262024-05-21 18:15
Sparking youthful passion for the stage2024-05-21 18:12
China emerges as leading source of foreign investment in Tanzania: officials2024-05-21 17:59
Soldiers engage in reconnaissance training2024-05-21 17:49
The fightback begins: Boss of London's Queen Mary University tells pro2024-05-21 17:35
2nd Airbus A320 assembly line project under construction in Tianjin2024-05-21 17:21
CBA Roundup: Liaoning beat Xinjiang, Golden Bulls bag 8th straight win2024-05-21 17:11
EU allocates 500 mln euros for ammunition production2024-05-21 16:19
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang2024-05-21 16:02
Palestinian death toll in Gaza rises to 31,490: ministry2024-05-21 15:54