On May 19, American restaurant chain Red Lobster filed for Chapter 11 chapter safety (equal to Japan’s Social Rehabilitation Act) in a Florida court docket after receiving a $100 million mortgage obligation from present collectors and asserting that it has filed. Photo taken at a retailer in San Diego on the fifteenth (2024 Reuters/Mike Blake)
[２０日 ロイター] – US restaurant Red Lobster filed for Chapter 11 chapter safety (equal to Japan’s Recovery Act) in a Florida court docket on the nineteenth after receiving a $100 million mortgage obligation from present lenders and asserting that it has filed.
The firm’s belongings and liabilities are between $1 billion and $10 billion, in line with court docket filings.
The restaurant will stay open as common through the chapter. The firm intends to scale back the variety of shops and promote virtually all of its belongings. A “stalking horse” settlement has been reached to promote the enterprise to an organization established and managed by present collectors.
“This restructuring is one of the simplest ways ahead for Red Lobster,” CEO Jonathan Tibbs mentioned in a press release, including that the corporate might be reborn with a powerful give attention to progress.
Red Lobster has about 700 shops worldwide, in line with its web site.
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