Ontario Superior Court Gives OK to Red Lobster Canada Sales Process

Ontario Superior Court Gives OK to Red Lobster Canada Sales Process
A family leaves a Red Lobster location in Calgary, on May 28, 2024. The Canadian Press/Jeff McIntosh
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An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors.

The move comes after a U.S. court approved the sales process for the company which launched Chapter 11 bankruptcy proceedings last month.