_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 bd hot more 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
_heat-waves-preparing-for-and-managing-the-effects-of-extreme-heat-4-26-16.webp "What do architects, landscape architects, engineers, and health care planners need to know to help our region handle future unavoidable heat waves?nnIn an ongoing discussion about the long-term effects of extrene heat on New York, which has just experienced two of hottest years on record – the AIANY Design for Risk and Reconstruction and Health Facilities Committees and the New York Society for Health Planning (NYSHP) ask: Who has the information and answers we need?nnThis program will look at")
⏲ 74 min 80 sec ✓ 09-Jun-2016
_iran-president-ebrahim-raisi-helicopter-crash-pm-modi-124-filmibeat.webp "Iran President Ebrahim Raisi helicopter crash: Iranian state media confirmed Ebrahim Raisi died in the chopper crash. He along with Iranian Foreign Minister Hossein Amirabdollhian and other senior officials have all died in the incident. Watch video to know more <br/> <br/>#IranPresidentHelicopterCrash#IranPresident #RIPEbrahimRaisi <br/>~PR.126~ED.141~")
⏲ 3:5 👁 1.7M
_toddler-baffled-by-mum39s-post-partum-bump-and-asks-if-she-has-92.webp "This is the adorable moment a toddler meeting her baby brother for the first time is convinced her mum still has \")
_2-bd-village-home-urban-village-southport.webp "If you are lucky, you will enjoy one or two moments in life when you find something so rare and beautiful that it takes your breath away. Finding this two bedroom Village Home could be one of these moments.nnThe VILLAGE Home is a genuine house on its own land, with all the rights and privileges of freehold title, and yet it is located in the heart of the Gold Coast CBD, Southport, at a price of just $510,000. Sure, you could buy a much larger house in a suburban location for the same price, but")
_39copper-is-the-new-oil39-analyst-predicts-copper-could-surge-50-driven-by-ai-and-green-energy-revolution.webp "Jeff Currie, chief strategy officer of Energy Pathways at Carlyle, says copper is emerging as the next indispensable industrial commodity like oil was in previous decades. Demand for copper is being driven higher by artificial intelligence, the exponential growth of data centers, the green energy revolution, and increased military spending. Copper prices have already hit record highs of $10,000 per ton in London, more than double the pandemic lows in early 2020. Currie predicts copper prices could surge another 50% to $15,000 per ton due to tight supply and growing demand from multiple sectors.")
⏲ 0:40 👁 320K
_4090-railroad-flat-rd-branded.webp "Need two homes? Check out this 3BD/3.5BA country victorian home on 14+ usable acres.The master suite is on the ground floor. The master bath has a lg shower, soaking tub w/Jacuzzi & heated tile floors. Upstairs is 2 bd/2ba and an office. There's a formal living room & dining room, lg kitchen & a great room.The 3 car garage is attached. Lots of decks outside w/ built in hot tub. The other home is 1 bd/1ba w/ 3 car garage. There's also a shop. The property is fenced & x-fenced. Lot")
_save-it-for-the-honeymoon-episode-7-english-sub.webp "Save It for the Honeymoon- Episode 7 English SUB")
_save-it-for-the-honeymoon-episode-4-english-sub.webp "Save It for the Honeymoon -Episode 4 English SUB")
_heat-waves-preparing-for-and-managing-the-effects-of-extreme-heat-4-26-16.jpg)
_iran-president-ebrahim-raisi-helicopter-crash-pm-modi-124-filmibeat.jpg)
_toddler-baffled-by-mum39s-post-partum-bump-and-asks-if-she-has-92.jpg)
_2-bd-village-home-urban-village-southport.jpg)
_39copper-is-the-new-oil39-analyst-predicts-copper-could-surge-50-driven-by-ai-and-green-energy-revolution.jpg)
_4090-railroad-flat-rd-branded.jpg)
_save-it-for-the-honeymoon-episode-7-english-sub.jpg)
_save-it-for-the-honeymoon-episode-4-english-sub.jpg)
![[+]](/images/menu.gif){kind=small}