Your current location:HOME >politics >Red Lobster seeks bankruptcy protection after closing some restaurants 正文
TIME:2024-05-21 10:37:18 Source: Internet compilationEdit:politics
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.
Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored2024-05-21 10:28
NRA kicks off annual meeting as board considers successor to longtime leader Wayne LaPierre2024-05-21 10:08
GOP group targets conservative Rep. Bob Good, who voted to oust McCarthy2024-05-21 09:56
AP Week in Pictures: Asia2024-05-21 09:54
Target to lower prices on basic goods in response to inflation2024-05-21 09:42
Scottie Scheffler opened the PGA Championship with a bang before settling for an opening 42024-05-21 09:41
Missouri inmate facing execution next month is hospitalized with heart problem2024-05-21 09:12
An abortion rights initiative makes the ballot in conservative South Dakota2024-05-21 08:50
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad2024-05-21 08:14
Peterka has goal, 3 assists in Germany's 82024-05-21 08:14
Student fatally shot, suspect detained at Georgia's Kennesaw State University2024-05-21 10:25
Kansas governor vetoes a third plan for cutting taxes. One GOP leader calls it 'spiteful'2024-05-21 10:19
Scottie Scheffler is back to business as usual as the World No 1 shoots opening four2024-05-21 09:52
Army will present Purple Heart to Minnesota veteran 73 years after he was wounded in Korean War2024-05-21 09:51
Brazil replaces injured goalkeeper Ederson in Copa America squad2024-05-21 09:50
In Cannes, Francis Ford Coppola talks Trump, self2024-05-21 09:46
Billy Baldwin mercilessly MOCKS wife Chynna Phillips's 'luxury life'2024-05-21 09:34
Protect yourself from ticks with these tips2024-05-21 09:24
Children are evacuated from school 'during an exam' after threat made via email2024-05-21 09:16
How much the aid from a US pier project will help Gaza2024-05-21 08:02