A lawyer for Red Lobster Canada, Inc. says he will ask an Ontario court today to recognize and enforce the chain's U.S. bankruptcy protection proceedings, a process which documents show could include selling Canadian assets.
A Red Lobster restaurant is seen in Schaumburg, Ill., Monday, May 20, 2024. Red Lobster is seeking bankruptcy protection days after closing dozens of restaurants. A lawyer representing Red Lobster's Canadian operations says he will ask an Ontario court to recognize and enforce the chain's Chapter 11 bankruptcy in the U.S. THE CANADIAN PRESS/AP-Nam Y. HuhTORONTO -- A lawyer for Red Lobster Canada, Inc. says he will ask an Ontario court today to recognize and enforce the chain's U.S.
Red Lobster, which expanded to Canada in 1983, has 2,000 Canadian employees, who are mostly part-time, non-unionized and working at the chain's 27 locations across Ontario, Alberta, Manitoba and Saskatchewan. The stay came as Florida-based Red Lobster Management LLC filed for Chapter 11 bankruptcy protection in the U.S. The American company had already shuttered dozens of locations while it grappled with rising costs.
Tibus labelled it a "significant cash drain" that a separate filing from the company said cost Red Lobster US$11 million.
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Red Lobster in Ontario court to discuss U.S. bankruptcy case, Canadian assets: docsTORONTO — A lawyer for Red Lobster Canada, Inc. says he will ask an Ontario court today to recognize and enforce the chain’s U.S. bankruptcy protection proceedings, a process which documents show could include selling Canadian assets.
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Red Lobster Canada to request Ontario court to recognize U.S. case on bankruptcy protectionA lawyer representing Red Lobster's Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain's Chapter 11 bankruptcy in the U.S.
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Red Lobster Canada to ask Ontario court to recognize U.S. bankruptcy protection caseA lawyer representing Red Lobster's Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain's Chapter 11 bankruptcy in the U.S.
Read more »
Red Lobster Canada to ask Ontario court to recognize U.S. bankruptcy protection caseA lawyer representing Red Lobster's Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain's Chapter 11 bankruptcy in the U.S.
Read more »
Red Lobster Canada to ask Ontario court to recognize U.S. bankruptcy protection caseA lawyer representing Red Lobster's Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain's Chapter 11...
Read more »
Red Lobster Files For Bankruptcy Protection, Nearly 30 Canadian Stores In JeopardyZakiya is a staff writer with STOREYS. She has reported on real estate for Apartment Therapy, Curbed, and Post City Magazines. She also writes a quarterly series for a Canadian design publication.
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