Red Lobster moves closer to bankruptcy sale to lenders

  • 📰 CTVNationalNews
  • ⏱ Reading Time:
  • 107 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Red Lobster is moving closer to a bankruptcy sale that would put lenders, including Fortress Investment Group, in charge of the company after no other bidders stepped up with an offer to repay the struggling U.S. restaurant chain's debt, according to court documents.

A Red Lobster restaurant is seen in Schaumburg, Ill., Monday, May 20, 2024. Red Lobster is seeking bankruptcy protection days after closing dozens of restaurants. Red Lobster is moving closer to a bankruptcy sale that would put lenders, including Fortress Investment Group, in charge of the company after no other bidders stepped up with an offer to repay the struggling U.S. restaurant chain's debt, according to court documents.

The company closed 93 locations earlier in the year, and it did not immediately respond on Tuesday to a question about how many locations would remain open after its bankruptcy. Thousands of wildfire evacuees forced from Jasper National Park into British Columbia along smoke-choked mountain roads Monday night were directed Tuesday to make a wide U-turn and head home if they needed a place to stay.Keanu Reeves is aging like the rest of us. And for that reason, 'The Matrix' has shared, mortality has been on his mind.Jasper evacuees forced into B.C.

Police say 18 suspects arrested in connection with a string of violent home invasions, carjackings and robberies in Peel Region are connected to an 'organized criminal network' operating out of Brampton and Mississauga. A donated clawfoot bathtub has become the preferred lounging spot for a pair of B.C. grizzly bears, who have been taking turns relaxing and reclining in it – with minimal sibling squabbling – for the past year.Wildfire spreads on southern Vancouver Island amid 'challenging' terrain

Toronto's Deputy Mayor is calling on the city's staff to develop a plan to tackle the "critical" congestion levels in Liberty Village, made worse by a slew of summer construction and major events at nearby venues.A suspect wanted in connection with a Leslieville shooting that left a man in critical condition earlier this month has been arrested in the Kawartha Lakes area.Jasper evacuees forced into B.C.

The Winnipeg Police Service has arrested seven people in connection to a 3D-printed gun investigation, which included one man who was helping operate the planning from prison.Binding arbitration panel nominees chosen, dates to be confirmed soon A Sudbury man has been sentenced to three years in prison after being found guilty of sexual assault in connection with a threesome in 2013 but doesn't have to register as a sex offender.A 70-year-old suspect has been charged with multiple sexual assault charges that took place while he worked for the former Algonquin Child and Family Services.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 82. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Red Lobster moves closer to bankruptcy sale to lendersRed Lobster is moving closer to a bankruptcy sale that would put lenders, including Fortress Investment Group, in charge of the company after no other...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Brian Madden’s Top Picks for July 22, 2024Top picks from Brian Madden, chief investment officer, First Avenue Investment Counsel
Source: BNNBloomberg - 🏆 83. / 50 Read more »