_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 march 20 1972 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: 130K times
✓ Published: 21-May-2024
👁 View: 130K 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
_maryland-basketball-nit-maryland-vs-syracuse-march-20-1972.webp "Joseph Hewes")
_ghum-hai-kisi-ke-pyar-mein-today-full-episode-promo-20-may-2024.webp "Ghum Hai Kisi Ke Pyar Mein - Today Full Episode Promo - 19 May 2024")
_top-10-songs-of-1972.webp "Tops of Music")
_lecture-march-20-1972-bombay.webp "Srila Prabhupadaʼs lecture mp3")
_20-march-1972.webp "স্বাধীন ১৯৭১")
_born-on-the-20th-numerology-of-20.webp "Numerology Secrets")
_israeli-black-panthers-talk-trailer.webp "Watch the full movie here:nhttps://movie-discovery.com/movie/black-panthers-israel-en/957nIn the beginning of 1972, a group of youngsters, sons of Jewish immigrants (Olim) from Arab countries, formed the Israeli Black Panthers movement, protesting against discrimination against Mizrahi (Jews originated from Arab countries) by the establishment.nIt all began in Musrara, a Mizrahi slum in the eastern part of Jerusalem.nIn those years, Israel was divided: the economy and power was dominated by Ashk")
_genesis-belgian-tv-9234pop-shop9234-march-20-1972.webp "2shellrock")
_maryland-basketball-nit-maryland-vs-syracuse-march-20-1972.jpg)
_ghum-hai-kisi-ke-pyar-mein-today-full-episode-promo-20-may-2024.jpg)
_top-10-songs-of-1972.jpg)
_lecture-march-20-1972-bombay.jpg)
_20-march-1972.jpg)
_born-on-the-20th-numerology-of-20.jpg)
_israeli-black-panthers-talk-trailer.jpg)
_genesis-belgian-tv-9234pop-shop9234-march-20-1972.jpg)
![[+]](/images/menu.gif){kind=small}