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Red Lobster to claw its way back from bankruptcy after judge approves sale

Por: CBS News Nation September 07, 2024

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Red Lobster's Times Square location could soon close After months of and headlines about endless shrimp woes, the seafood chain says it will soon exit from Chapter 11 bankruptcy protection.A U.S. bankruptcy judge on Thursday approved the casual seafood chain's reorganization plan, which includes a lender group led by asset manager Fortress acquiring the business. The green light arrives under just four months after Red Lobster filed... + full article



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