After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to emerge from Chapter 11 bankruptcy protection soon. A US bankruptcy judge on Thursday approved the reorganization plan and eventual sale of the seafood chain to a group of lenders led by asset manager Fortress. The green light … Read more
A new lawsuit Monday claims Trojan condoms are unsafe because they contain toxic “permanently chemicals” that have been linked to cancer. In a proposed class-action lawsuit filed in Manhattan federal court, plaintiff Matthew Goodman said Church & Dwight’s products, advertised as “America’s No. 1 Condom,” are unfit for their intended purpose because they contain substances … Read more
New Starbucks CEO Brian Niccol said he will focus on revitalizing the coffee shop culture at the chain’s U.S. stores as he takes the helm amid lackluster demand for its premium lattes. Starbucks named Niccol as its CEO in a surprise move last month, replacing Laxman Narasimhan after the company’s comparable sales fell for the … Read more