Red Lobster will emerge from Chapter 11 immediately after the judge approves the sale to the new owner
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