Red Lobster’s Canadian restaurants expected to stay open in court-approved plan

Red Lobster’s Canadian restaurants expected to stay open in court-approved plan

A Canadian court has cleared the reorganization plan of Red Lobster that will see the seafood chain exit bankruptcy. Justice Peter Cavanagh of the Superior Court of Justice in Toronto on Tuesday granted an order that recognizes and gives force to the plan approved by a U.S. bankruptcy judge last week. The future of the … Read more

WeWork to exit bankruptcy after judge approves restructuring plan

WeWork to exit bankruptcy after judge approves restructuring plan

A U.S. bankruptcy judge on Thursday approved WeWork’s Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company’s equity over to a group of lenders and real estate technology company Yardi Systems. Flexible workspace provider WeWork expanded at breakneck speed, opening its first location in … Read more

How some of your favourite brands are brought back from the dead

How some of your favourite brands are brought back from the dead

Cost of Living27:31Dead brands brought back to life One brand of clothing — specifically pants — has always had a special place in the closet of Alex Curry of Sexsmith, Alta., a small town about 20 kilometres north of Grand Prairie.  “From high school, I loved Modrobes. I think from about Grade 7, I really noticed they … Read more