The Chapter 11 restructuring process will allow TGI Fridays “to proceed with an optimized corporate infrastructure that ...

In the wake of struggles across the restaurant industry, TGI Friday's is closing a concerning amount of locations, similarly ...

A group of investors under the name RL Investor Holdings will acquire Red Lobster by the end of the month. At least nine other restaurant chains have filed for bankruptcy protection this year.

Red Lobster has named Larry Konecny its chief operating officer as new CEO Damola Adamolekun continues to build his executive ...

Red Lobster eventually filed for Chapter 11 bankruptcy protection in a Florida court in May, and RL Investor Holdings LLC acquired it as part of a court-approved plan. The 35-year-old CEO of Red ...

Seafood restaurant chain Red Lobster has exited Chapter 11 bankruptcy restructuring after completion of its acquisition by RL Investor Holdings. RL Investor Holdings, formed by funds managed by ...

Bob Baker brings more than three decades of restaurant industry experience to his new position, having held finance chief ...

Red Lobster’s marketing was handled by Chief Experience Officer Sara Bittorf, a specialist in turnarounds and restructurings, during the bankruptcy period. Bittorf departed the chain in September ...

The national seafood chain was acquired by RL Investor Holdings LLC at the end of the proceedings and moves forward with 30,000 employees at 545 restaurants across 44 states and four Canadian ...

Red Lobster chief executive officer Damola Adamolekun, who was hired by Red Lobster’s new parent company, Fortress Investment Group subsidiary RL Investor Holdings, praised Baker for his experience.

After facing significant financial woes and filing for Chapter 11, Red Lobster has been cleared to exit bankruptcy and will be acquired by RL Investor Holdings LLC. Constellation Brands has been ...

Less than two years after closing its final store, Bed Bath & Beyond will return as a brick-and-mortar retailer in 2025. The planned smaller-format, “neighborhood” Bed Bath & Beyond ...