_red-lobster-files-for-chapter-11-bankruptcy-as-pandemic-and-industry-challenges-impact-iconic-seafood-chain.jpg "Red Lobster Files for Chapter 11 Bankruptcy as Pandemic and Industry Challenges Impact Iconic Seafood Chain from jonathan gardiner savills Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:42
👁 View: 560K times
✓ Published: 21-May-2024
👁 View: 560K times
✓ Published: 21-May-2024
Description:
Red Lobster has filed for Chapter 11 bankruptcy protection after closing over 50 locations across more than 20 states. The seafood chain has been struggling with rising lease and labor costs in recent years and promotions like its iconic all-you-can-eat shrimp deal that resulted in millions in losses due to overwhelming demand. Red Lobster CEO Jonathan Tibus, a corporate restructuring specialist, took over in March as the company sought bankruptcy protection. Thai Union Group, a minority investor and one of the world's largest seafood suppliers, announced plans earlier this year to exit its investment in Red Lobster due to the impacts of the pandemic and industry headwinds.
Red Lobster has filed for Chapter 11 bankruptcy protection after closing over 50 locations across more than 20 states. The seafood chain has been struggling with rising lease and labor costs in recent years and promotions like its iconic all-you-can-eat shrimp deal that resulted in millions in losses due to overwhelming demand. Red Lobster CEO Jonathan Tibus, a corporate restructuring specialist, took over in March as the company sought bankruptcy protection. Thai Union Group, a minority investor and one of the world's largest seafood suppliers, announced plans earlier this year to exit its investment in Red Lobster due to the impacts of the pandemic and industry headwinds.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_rielly-vs-kadri-in-the-ultimate-trick-shot-challenge.webp "Toronto Maple Leafs")
_rester-trop-longtemps-assis-nuit-votre-cerveau-partie3.webp "Description :<br/><br/>Lien de l’article : https://theconversation.com/rester-trop-longtemps-assis-nuit-a-votre-cerveau-81929<br/><br/>TITRE : Rester trop longtemps assis nuit à votre cerveau<br/><br/>Auteurs : Michael Wheeler, PhD Candidate in Exercise Physiology, The University of Western Australia; Daniel Green, Winthrop Professor, The University of Western Australia; David Dunstan, Professor and Laboratory Head of Physical Activity, Baker Heart and Diabetes Institute; Paul Gardiner, Postdoctoral Research Fellow in Healthy Ageing, The University of Queensland<br/><br/>Licence CC BY-ND 4.0 DEED")
_draft-fashion-flashback-jake-gardiner-june-4-2015.webp "Toronto Maple Leafs")
_man-finds-hidden-doorway-on-his-property-goes-in-and-realizes-hes-made-a-huge-mistake.webp "Did You Know ?")
⏲ 19 minutes 25 seconds 👁 2.1M
_human-rights-symposium-9234the-sacredness-of-the-person9234.webp "Lumen Christi Institute")
_karate-mae-geri-front-kick-step-by-step.webp "John Gardiner")
_full-match-atl-vs-bo4.webp "<br/>Visit our website for full match")
_savills-st-john39s-wood-an-introduction-to-our-estate-agent-services-and-team.webp "Savills")
⏲ 1 minute 19 seconds 👁 130
_rielly-vs-kadri-in-the-ultimate-trick-shot-challenge.jpg)
_rester-trop-longtemps-assis-nuit-votre-cerveau-partie3.jpg)
_draft-fashion-flashback-jake-gardiner-june-4-2015.jpg)
_man-finds-hidden-doorway-on-his-property-goes-in-and-realizes-hes-made-a-huge-mistake.jpg)
_human-rights-symposium-9234the-sacredness-of-the-person9234.jpg)
_karate-mae-geri-front-kick-step-by-step.jpg)
_full-match-atl-vs-bo4.jpg)
_savills-st-john39s-wood-an-introduction-to-our-estate-agent-services-and-team.jpg)
![[+]](/images/menu.gif){kind=small}