News Summary September 6, 2024
Today's Top Story: Court Approves Red Lobster Bankruptcy Plan; Over 500 Restaurants to Survive
Seafood restaurant chain Red Lobster announced that it has received court approval for its Chapter 11 bankruptcy plan. As part of the plan, an entity created by funds managed by affiliates of Fortress Investment Group will acquire the chain. The sale also means that Red Lobster will remain an independent company with 544 locations across the U.S. and Canada...
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