_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 promotion entretien peugeot 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
_rvision-peugeot-kisbee-4t-2021.webp "tuto Peugeot")
_why-kieran-mckenna39s-ipswich-are-perfect-for-the-premier-league.webp "Ipswich Town have reached the Premier League for the first time in over two decades. What's more they've done so while building an incredible reputation for open, dynamic, attacking football.<br/><br/>It's invited all manner of speculation of boss Kieran McKenna's future, but Adam Clery looks at his side to assess exactly why the Premier League might be in for a rude awakening when the Tractor Boys arrive next season.")
_nouvelle-peugeot-408-comment-elle-est-ne-entretien-avec-le-responsable-du-style.webp "Movie Cars Central")
⏲ 36 minutes 55 seconds 👁 18.1K
_zoom-sur-le-mtier-de-vendeur-automobile.webp "Metiers - services auto")
_comment-faire-la-vidange-et-4-filtres-3008-1-5-blue-hdi.webp "Tintin Bidouille")
_essai-peugeot-e-3008-2024-de-600-km-en-100-lectrique.webp "Le Vendeur Automobiles")
_why-kieran-mckenna39s-ipswich-are-perfect-for-the-premier-league.webp "Ipswich Town have reached the Premier League for the first time in over two decades. What's more they've done so while building an incredible reputation for open, dynamic, attacking football.<br/><br/>It's invited all manner of speculation of boss Kieran McKenna's future, but Adam Clery looks at his side to assess exactly why the Premier League might be in for a rude awakening when the Tractor Boys arrive next season.")
_avis-fiabilit-200-000kms-avec-la-peugeot-3008-2-fiable-ou-pas.webp "LE GARAGE PTS")
⏲ 12 minutes 37 seconds 👁 102.1K
_rvision-peugeot-kisbee-4t-2021.jpg)
_why-kieran-mckenna39s-ipswich-are-perfect-for-the-premier-league.jpg)
_nouvelle-peugeot-408-comment-elle-est-ne-entretien-avec-le-responsable-du-style.jpg)
_zoom-sur-le-mtier-de-vendeur-automobile.jpg)
_comment-faire-la-vidange-et-4-filtres-3008-1-5-blue-hdi.jpg)
_essai-peugeot-e-3008-2024-de-600-km-en-100-lectrique.jpg)
_why-kieran-mckenna39s-ipswich-are-perfect-for-the-premier-league.jpg)
_avis-fiabilit-200-000kms-avec-la-peugeot-3008-2-fiable-ou-pas.jpg)
![[+]](/images/menu.gif){kind=small}