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Red Lobster debt holder Fortress seen as most likely buyer after key creditor deal

US-based Fortress, which manages $48bn in assets, is seen as the most likely candidate to rescue Red Lobster from Chapter 11 bankruptcy

By Undercurrent News | June 17, 2024 16:05 BST
Image from Red Lobster promotion published in late May 2023.
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A Red Lobster restaurant in New York, US. Red Lobster is owned by Thai Union Group. Credit: pisaphotography/Shutterstock.com

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US-based Fortress Investment Group, which manages $48 billion in assets, is seen as the most likely candidate to rescue Red Lobster from Chapter 11 bankruptcy, Bloomberg News reported [...]

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