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

  • A bankruptcy court approved Red Lobster's plan to exit Chapter 11 after years of losses and customer decline.
  • The sale to RL Investor Holdings will finalize by the end of the month, with Damola Adamolekun becoming the new CEO.
  • Adamolekun stated, "This is a great day for Red Lobster," praising the $60 million investment plan to revitalize the brand.
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Associated Press NewsAssociated Press News

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

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster says it will soon exit from Chapter 11 bankruptcy protection. A U.S. bankruptcy judge on

·United States
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Global NewsGlobal News

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.

·Toronto, Canada
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abc Newsabc News

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

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster says it will soon exit from Chapter 11 bankruptcy protection

·United States
Read Full Article
KIFIKIFI

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

AP Business Writer NEW YORK (AP) — 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 U.S. bankruptcy judge on Thursday approved the casual seafood chain’s reorganization plan and sale to a lender group led by asset manager Fortress. The green light arrives under just four months after Red Lobster filed for bankruptcy protection as i…

·Idaho Falls, United States
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CNBCCNBC

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.

·United States
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Las Vegas Review-JournalLas Vegas Review-Journal

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.

·Las Vegas, United States
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