Red Lobster Survives Bankruptcy
Red Lobster survives Chapter 11 bankruptcy under new ownership
Red Lobster, the seafood chain known for its endless shrimp deals and cheddar bay biscuits, has emerged from Chapter 11 bankruptcy, according to the company. A U.S. bankruptcy judge approved the motion at the beginning of the month, just four months after the company first filed for bankruptcy protection looking to sell the company.
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Chapter 11 bankruptcy protection earlier this month. It plans to close more than 300 stores as part of its restructuring.
Tupperware filed for Chapter 11 bankruptcy due to declining sales and an increase in competition from other brands.
Kissimmee-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a ...
Johnson & Johnson (JNJ) announced that its subsidiary, Red River Talc LLC, has voluntarily filed for a prepackaged Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas ...
Tupperware is literally the household name in food storage, but its sales have declined in the past five years.
Tupperware — the company that sells those nostalgic, lidded plastic containers from your youth — is trying to file for ...
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