mercurialworld Posted April 16 Share 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 Link to comment Share on other sites More sharing options...
Popular Post Joyride Posted April 16 Popular Post Share Posted April 16 so I guess Beyoncé hasn't been taking Jay-Z there anymore? 21 Link to comment Share on other sites More sharing options...
Illuminati Posted April 16 Share Posted April 16 Jay Z hasn't been doing Beyonce good it seems 1 1 Link to comment Share on other sites More sharing options...
Popular Post KFC Posted April 16 Popular Post Share Posted April 16 Where will I take his ass when he fucks me good 1 14 Link to comment Share on other sites More sharing options...
GraceRandolph Posted April 16 Share Posted April 16 Good riddance 2 Link to comment Share on other sites More sharing options...
Dragonfly Posted April 16 Share Posted April 16 rise up, Blue Lobster, rise this is the beginning 1 4 Link to comment Share on other sites More sharing options...
Gelato Posted April 16 Share Posted April 16 no europe, no solvency Link to comment Share on other sites More sharing options...
Frogger17 Posted April 16 Share 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. Link to comment Share on other sites More sharing options...
Kayseri Mantisi Posted April 16 Share Posted April 16 2 Link to comment Share on other sites More sharing options...
Revolution Posted April 16 Share Posted April 16 fad Link to comment Share on other sites More sharing options...
Pikachoo Posted April 16 Share Posted April 16 poor Beyonce. anything she touches that isn't music seems to eventually flop. 1 3 Link to comment Share on other sites More sharing options...
Babydoll. Posted April 16 Share Posted April 16 beyoncé is restaurant chain poison !! fad !!! Link to comment Share on other sites More sharing options...
americanlife Posted April 16 Share Posted April 16 Where will Nicki work now 7 Link to comment Share on other sites More sharing options...
shimind Posted April 16 Share Posted April 16 can someone with a degree in economics explain what this is in simple layman language Link to comment Share on other sites More sharing options...
Pikachoo Posted April 16 Share 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 Link to comment Share on other sites More sharing options...
JO1s Posted April 16 Share 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 Link to comment Share on other sites More sharing options...
uusagii Posted April 16 Share Posted April 16 All those seafood boil places ate them UP it seems Link to comment Share on other sites More sharing options...
Jotham Posted April 16 Share Posted April 16 Nooo my cheddar biscuits 1 Link to comment Share on other sites More sharing options...
Apolonio Posted April 16 Share Posted April 16 Welp there goes Nicki's backup plan. 2 Link to comment Share on other sites More sharing options...
karron0624 Posted April 16 Share 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 Link to comment Share on other sites More sharing options...
Cloudy Posted April 16 Share Posted April 16 Nicki her impact Link to comment Share on other sites More sharing options...
Skestina Posted April 16 Share Posted April 16 no more crawfish for miss lovely peaches Link to comment Share on other sites More sharing options...
ariesgroove Posted April 16 Share Posted April 16 oh no!!! can they gimme some biscuits before they go though Link to comment Share on other sites More sharing options...
Pheromosa Posted April 16 Share 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 Link to comment Share on other sites More sharing options...
Yog Posted April 16 Share Posted April 16 1 hour ago, Jotham said: Nooo my cheddar biscuits The only good thing about them 1 Link to comment Share on other sites More sharing options...
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