Ontario court approves sales process for Red Lobster Canada
An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors.
![Ontario court approves sales process for Red Lobster Canada](https://i.cbc.ca/1.7216785.1718745935!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/red-lobster-bankruptcy.jpg)
![FILE - Signs for a Red Lobster restaurant are shown in San Bruno, Calif., Tuesday, May 14, 2024. Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering dozens of restaurants. The seafood chain has been struggling for some time with lease and labor costs piling up in recent years and also promotions like its iconic all-you-can-eat shrimp deal. (AP Photo/Jeff Chiu, File) Signs for a Red Lobster restaurant are shown in San Bruno, Calif.](https://i.cbc.ca/1.7216785.1718745935!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/red-lobster-bankruptcy.jpg)
An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors.
What's Your Reaction?
![like](https://global.viportal.co.ke/assets/img/reactions/like.png)
![dislike](https://global.viportal.co.ke/assets/img/reactions/dislike.png)
![love](https://global.viportal.co.ke/assets/img/reactions/love.png)
![funny](https://global.viportal.co.ke/assets/img/reactions/funny.png)
![angry](https://global.viportal.co.ke/assets/img/reactions/angry.png)
![sad](https://global.viportal.co.ke/assets/img/reactions/sad.png)
![wow](https://global.viportal.co.ke/assets/img/reactions/wow.png)