Ontario court approves sales process for Red Lobster Canada

An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors.

Ontario court approves sales process for Red Lobster Canada
 Signs for a Red Lobster restaurant are shown in San Bruno, Calif.

An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors.