An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors. A Red Lobster location in Calgary, on May 28, 2024.An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors.
Court filings made on June 11 say the steps are meant to “preserve” Red Lobster’s business in Canada and the employment of the company’s 2,000 workers stationed at 27 restaurants across the country.
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