Red Lobster will soon exit from bankruptcy after judge approves sale to new owner

Red Lobster cleared to exit Chapter 11 bankruptcy protection

Red Lobster was cleared to exit bankruptcy several months after financial woes compelled the seafood restaurant chain to close dozens of locations and file for Chapter 11.Part of the blame was being placed on the chain's endless shrimp promotion.On Thursday, Red Lobster Management LLC, which owns and operates the restaurant chain, received court approval of its Chapter 11 plan, which includes being acquired by RL Investor Holdings LLC, an entity…

Judge Approves Sale of Red Lobster

After months of dozens of restaurant closings and headlines about "endless shrimp" woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection. A US bankruptcy judge on Thursday approved the casual seafood chain's reorganization plan and sale to a lender group led by asset manager Fortress. The...

Red Lobster says it will soon exit bankruptcy protection

A U.S. bankruptcy judge on Thursday approved Red Lobster’s reorganization plan, which includes a lender group led by asset manager Fortress acquiring the business.

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain’s sale

NEW YORK — After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection. Read more...

Red Lobster cleared to exit Chapter 11 bankruptcy

A group of investors under the name RL Investor Holdings will acquire Red Lobster by the end of the month.

Red Lobster sale approved, will exit bankruptcy protection - National

A U.S. bankruptcy judge on Thursday approved Red Lobster's reorganization plan and sale to a lender group led by asset manager Fortress.