Two months after filing for Chapter 11 bankruptcy, Red Lobster is on track to have a new owner. After no other bidders came forward, an entity made up of its lenders will acquire the struggling ...

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 ...

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 ...

Red Lobster has been going through some hard times, as the restaurant chain closed dozens of locations last year and filed ...

Red Lobster is turning the page on its worst days as the struggling seafood restaurant chain prepares to emerge from bankruptcy. On Thursday, a U.S. judge approved the company’s reorganization ...

Red Lobster has exited the bankruptcy process after RL Investor Holdings LLC acquired the restaurant chain. The seafood chain’s new CEO says the company has a financial plan to invest millions ...

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 ...

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 ...

Red Lobster is set to exit Chapter 11 bankruptcy protection after a judge approved its reorganization plan. The reorganization includes a lender group led by Fortress acquiring the seafood chain ...

Two months after filing for bankruptcy, Red Lobster is close to emerging with a new owner.Red Lobster said this week in a court filing that it will accept an existing sale offer from Fortress ...