See Red Lobster’s new owner

Category: Business

Red Lobster filed for Chapter 11 bankruptcy and designated RL Purchaser LLC as its new owner with a stalking horse bid of $376 million. The company's lenders will gain ownership through an equity transfer, following the closure of several stores nationwide.

Keywords: Red Lobster, bankruptcy, restaurant chain

Source: WFTV Orlando

Update At: 7/24/2024

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