mercurialworld Posted April 16 Posted April 16 (edited) From Bloomberg: Quote Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter. Red Lobster has been getting advice from law firm King & Spalding, said the people, who asked not to be identified discussing a private matter. The dining chain is considering a possible Chapter 11 filing to shed some long-term contracts and renegotiate a swath of leases, the people said. Red Lobster's cash flows have been weighed down by onerous leases and labor costs, among other issues. Restructuring discussions are ongoing and a final decision hasn't been made, they said. Filing for bankruptcy would allow the company to keep operating while it works on a debt-cutting plan. Messages left with Red Lobster and King & Spalding were not returned. Edited April 16 by mercurialworld
Popular Post Joyride Posted April 16 Popular Post Posted April 16 so I guess Beyoncé hasn't been taking Jay-Z there anymore? 21
Popular Post KFC Posted April 16 Popular Post Posted April 16 Where will I take his ass when he fucks me good 1 14
Frogger17 Posted April 16 Posted April 16 Quote Filing for bankruptcy would allow the company to keep operating while it works on a debt-cutting plan. We all know what this ingenious "debt-cutting plan" will be.
Pikachoo Posted April 16 Posted April 16 poor Beyonce. anything she touches that isn't music seems to eventually flop. 1 3
shimind Posted April 16 Posted April 16 can someone with a degree in economics explain what this is in simple layman language
Pikachoo Posted April 16 Posted April 16 1 minute ago, shimind said: can someone with a degree in economics explain what this is in simple layman language https://www.investopedia.com/terms/c/chapter11.asp 1
JO1s Posted April 16 Posted April 16 2 minutes ago, shimind said: can someone with a degree in economics explain what this is in simple layman language Katy perry smile bb200 chart run. 2
karron0624 Posted April 16 Posted April 16 16 minutes ago, shimind said: can someone with a degree in economics explain what this is in simple layman language Red lobster is not profitable so instead of all the restaurants being owned by the corporate entities, they will be sold to individuals to be franchised ala mcdonalds. Red Lobster was supposed to go bankrupt last year but they got a big investment loan that would not need to be paid back if they met all their metrics (like 8 i believe). They only met 1 metric which is why they are going bankrupt. source: i was in red lobster management
ariesgroove Posted April 16 Posted April 16 oh no!!! can they gimme some biscuits before they go though
Pheromosa Posted April 16 Posted April 16 42 minutes ago, ariesgroove said: oh no!!! can they gimme some biscuits before they go though you can buy the biscuit mix in stores 1
Yog Posted April 16 Posted April 16 1 hour ago, Jotham said: Nooo my cheddar biscuits The only good thing about them 1
Recommended Posts