Red Lobster sale draws closer as bankruptcy auction scrapped without contest

The bankrupt US seafood chain has asked a court to approve its sale to 'stalking horse' bidder Fortress Investment. An approval hearing is set for July 29.

Red Lobster is likely to be sold to Fortress Investment Group by the end of this month. — Red Lobster is likely to be sold to Fortress Investment Group by the end of this month.Photo: Tada Images / Shutterstock.com

Rachel Sapin

Correspondent

Published 23 July 2024, 19:53Updated 24 July 2024, 08:21

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