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

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.