Name: Red Lobster will soon exit from bankruptcy after judge approves sale to new owner
Channel: TEGNA

Kurator

For Seller Marketplace

Request License

> Media Pool

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

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

Clip ID 2474796

Clearance

Add to

By Request

By Request assets are not available for immediate purchase.

This content has not been pre-checked for copyright.

Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us

Description

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 it pursued a sale, following years of mounting losses and dwindling customers while it struggled to keep up with competitors. Read more: https://www.wtsp.com/article/news/nation-world/red-lobster-bankruptcy-sale-new-owner-approved/507-c18fc886-43bc-479f-9290-724044f39181

Station

WTSP

Keywords

consumer money

Related Footage