Red Lobster Survives Bankruptcy
Red Lobster exits Chapter 11 bankruptcy with new CEO. What to know about Damola Adamolekun
The restaurant chain Red Lobster announced Monday the company exited Chapter 11 bankruptcy and has a new chief executive officer, Damola Adamolekun. Adamolekun, 35, said in a statement the restaurant is now "stronger" and "more resilient" as the company gears up for "the start of a new chapter,
Red Lobster is officially out of bankruptcy process: Here's what's next
Red Lobster filed for bankruptcy protection in May and it led to the closing of dozens of restaurants in the U.S.
Red Lobster Rescued From Bankruptcy, Now Run By Former P.F. Chang's CEO
Remember when Red Lobster filed for Chapter 11 bankruptcy back in May of 2024? The chain, it seems, is entering its redemption arc after hitting rock bottom and is changing hands to finally leave bankruptcy behind.
“A great day for Red Lobster”: Seafood chain to exit bankruptcy after approval of restructuring plan
Once the acquisition is complete, Red Lobster will also bring in new leadership. Jonathan Tibus, who has served as the company's CEO, will step down from his role and leave the Red Lobster restaurant chain. Damola Adamolekun, the former CEO of P.F. Chang’s, will succeed Tibus.
Red Lobster exits bankruptcy with new owner and CEO
Damola Adamolekun now heads up the chain, and its parent company has committed to investing $60 million in improvements
After Sinking To The Bottom, Red Lobster Snapped Up From Chapter 11
Seafood chain Red Lobster has exited Chapter 11 restructuring after approval for a $375 million acquisition by RL Investor Holdings and with a new CEO at the helm.
Red Lobster Exits Bankruptcy As New Owner Commits To More Than $60M In Funding
Red Lobster CEO Damola Adamolekun said Fortress Investment Group's acquisition begins a new chapter for the brand, which filed for bankruptcy in May.
Red Lobster Exits Chapter 11 Bankruptcy With New Owners, CEO
Former P.F. Chang’s CEO Damola Adamolekun takes the helm of the resurrected seafood restaurant chain.
Local Red Lobster manager on exit from bankruptcy announcement
A local Red Lobster manager is celebrating the good news. Sept. 19, Red Lobster announced it was officially out of Chapter 11 bankruptcy. The seafood restaurant giant, which has two Columbus locations,
Red Lobster exits bankruptcy, ditches unlimited shrimp for quality
Red Lobster exits bankruptcy, ditches unlimited shrimp for quality Red Lobster, the iconic seafood chain known for its signature Cheddar Bay Biscuits and family-friendly dining experience, is clawing its way back from the brink of financial ruin.
Red Lobster exits Chapter 11 bankruptcy protection
Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.
Inside the routine of Red Lobster’s 35-year-old CEO from when he ran P.F. Chang’s
Red Lobster is betting on a new 35-year-old CEO to turn around its ailing business.
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Red Lobster CEO secretly visited locations of the seafood chain before stepping into role
Nigerian-American Damola Adamolekun was recently appointed as Red Lobster’s new CEO to guide the company through its ...
Greed, gluttony and the crackup of Red Lobster
When they dumped [Endless Shrimp] on us in June, we’d already been squeezed to the bone,” said a former manager at the Red ...
Red Lobster closed 23 more restaurants last week. How many are left in Florida?
After a flurry of restaurant closings and an acquisition, Red Lobster is recovering. But how many are still open in Florida?