TORONTO — 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...
TORONTO — 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.
The company leases 26 properties in the country and owns two others in Ontario, including a Brantford restaurant site and an Etobicoke location on The Queensway, where it owns a building but not the land. Another filing from the company shows its annual customer count dropped by 30 per cent since 2019 and has only "marginally improved from pandemic levels."
Thai Union said it has been a supplier to Red Lobster for more than 30 years and it intends for the relationship to continue. Red Lobster did not respond to a request for comment on the filing or the future of its Canadian assets. General Mills sold the brand in 2014 to Golden Gate Capital and in 2016, Thai Union Group bought a stake in the chain but is reportedly divesting from Red Lobster. -- Italian financial services specialist DoValue SpA is close to an accord with a pool of banks for about €450 million in credit facilities, a key step to finalize a combination with Elliott Investment Management’s Gardant SpA servicing unit.
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Red Lobster in Ontario court to discuss U.S. bankruptcy case, Canadian assets: docsA 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 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.
Read more »
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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.
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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...
Read more »