Red Lobster is finally getting a new owner. The world’s largest seafood chain is likely going to be acquired by Fortress Investment Group. Despite Red Lobster being bankrupt and looking for better offers, it did not receive any other competitive bids before the court’s deadline, according to a court filing made on Monday.

Red Lobster finally has a new owner

New Jersey State

The US Sun

RED Lobster's path out of bankruptcy has been revealed after the chain announced its new owners. On Monday, the bankrupt seafood restaurant confirmed that RL Purchaser LLC, a new group by Fortress Credit Corporation will take over after no other bidders came forward. RL Purchaser was what is known as...

Red Lobster to exit bankruptcy – but CEO warns restaurant closures are just the start of sweeping changes for chain

Indiana State

This week at Nation’s Restaurant News, bankruptcy news dominated the headlines. Pizza Hut franchisee EYM Pizza L.P. and affiliated companies filed for Chapter 11 bankruptcy protection in the Eastern District of Texas. The filing, which includes related companies in Wisconsin and Indiana, only lists two creditors: Manufacturers Bank, which it owes more than $21 million, and Pizza Hut itself, which is owed just under $2.25 million.

Trending this week: A lot of restaurant bankruptcy news

Vice President Kamala Harris was born in 1964 in Oakland, California. The 14th Amendment to the U.S. Constitution says that people born in the United States are citizens. Only natural-born citizens are eligible to be president, Article II of the Constitution says. Harris, born in the U.S., meets that standard, legal experts said.

Fact Check: Kamala Harris “is not eligible to hold the office of president” because her parents were non-citizens.

Lancaster County, PA

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Herbie J Pilato

[Note: Unless otherwise indicated, all quotes and commentary from Donna Douglas are from an interview with her conducted by the author.]. Donna Douglas, who died of pancreative cancer at 82 in 2015, was an honest-to-goodness Southern Belle who displayed a natural beauty and talent in her portrayal of the hollering, rope-wearing, whistle-happy, and critter-cuddling Elly May Clampett on the 1960s classic TV hit, The Beverly Hillbillies.

TV's Beloved 'Beverly Hillbillies' Actress Donna Douglas: Nine Years After Her Death

Georgia State

FinanceBuzz

Learn about the unfortunate downfall of 3 Popeyes stores in 2024 as we uncover the bankruptcy driving their closure.

Popeyes Is Closing These 3 Stores in 2024 (Due to Bankruptcy)

California State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Chesterfield, MO

THE Cheesecake Factory has confirmed that its location in a mall will be permanently closed in just weeks. Along with the beloved American chain, all the other mall stores will shutter as the shopping center shuts down for good. The Cheesecake Factory in Chesterfield, Missouri - around 25 miles from...

The Cheesecake Factory confirms mall location is closing in weeks as all stores are warned to leave ahead of demolition

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

News in the retail world—Rite Aid is closing a massive 400 stores following its Chapter 11 bankruptcy filing last October. Initially, when the pharmacy chain announced its bankruptcy, it planned to close 143 locations. But that number has ballooned, and now more than 520 stores are set to shut their doors. That’s a huge chunk, making up about a quarter of Rite Aid’s total stores!

Retailer closing hundreds of stores after Chapter 11 bankruptcy filing in October and data breach

Gotham Restaurants LLC, operator of Gotham Restaurant, better known by its former name of Gotham Bar and Grill, filed for Chapter 11 bankruptcy protection in the Southern District of New York on Wednesday. In the filing, the company listed its largest creditor as the New York State Department of Taxation...

Gotham Restaurant owner files for Chapter 11 bankruptcy protection

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Philadelphia, PA

Joel Eisenberg

This article is based on an accredited media reports. Linked information within this article is attributed to the following outlets: Google Images and The-Sun.com. The owner of the Philadelphia Mills Mall owes nearly $290 million on its note, leading to expected closure according to a June 11th report from The-Sun.com entitled "End Near: ‘Shadow of its Former Self’ Cries Shoppers as Beloved Mall with Walmart and Marshalls Expected to Close After 35 Years."

Longstanding Pennsylvania Shopping Mall is $285 Million in Debt and Expected to Permanently Close

Virginia State

Anchorage, AK

Daily Express reports that Roger Allan Holmberg Sr., a Virginia pastor, has been accused of hitting his wife while on an Alaskan Airlines flight from Seatle to Anchorage. Holberg allegedly verbally and physically abused his wife, who said she has epilepsy, and her husband hit her in the head, knowing it could cause a seizure.

Virginia pastor facing federal charges after he allegedly hit his wife on an Alaskan Airlines flight

Wisconsin State

WashingtonExaminer

Pizza Hut franchisee EYM Pizza has filed for Chapter 11 bankruptcy as it is in the middle of a legal feud with its creditors. The franchisee, which operates 140 Pizza Hut locations in states like Georgia, South Carolina, and Wisconsin, listed Pizza Hut and Manufactures Bank as its creditors, owing $2.2 million to the pizza […]

Pizza Hut franchisee files for bankruptcy amid legal battle

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

Tekashi 6ix9ine's Lamborghini and Bentley sell at auction after being seized by the IRS.

Tekashi 6ix9ine's Lamborghini, Bentley Sold Off After Being Seized By Feds

Capital Chronicles

Hey pizza lovers and industry watchers, here's some surprising news from the fast-casual dining world. MOD Pizza, a major player in the made-to-order pizza arena, is reportedly considering filing for bankruptcy as part of its strategy to shore up its capital structure. According to a recent report from Bloomberg, the company is exploring all available options to stabilize its finances, although no final decisions have been made yet.

Massive Pizza Chain Considering Bankruptcy

West Virginia State

Norfolk, VA

Four Virginians were confirmed to be onboard when the Titanic sank on April 14, 1912. Phillip Acts and Selini Decker, who lived a few blocks apart in Norfolk, died when the ship sank. Richmond native Robert Decker and Eloise Smith, who later moved to Richmond from West Virginia, survived.

There's a reason no remains from the Virginia Titanic victims will ever be found

NewsBreak

Red Lobster to be purchased by an affiliate of SPB owner Fortress Investment Group

Red Lobster will almost certainly be bought out of bankruptcy by its creditors, led by Fortress Credit Corp., according to a document filed with a bankruptcy...

Red Lobster to be purchased by an affiliate of SPB owner Fortress Investment Group

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