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 is back; CEO plots future for seafood chain
Red Lobster officially came out of the bankruptcy process on Monday, with the new CEO Damola Adamolekun calling it the "start of a new chapter" for the seafood restaurant chain.
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
Red Lobster Emerges from Bankruptcy, Officially Names New CEO
Red Lobster has closed the book on its bankruptcy and enters a new era with a new captain at the helm. The seafood restaurant chain announced its exit from Chapter 11 bankruptcy and the completion of its acquisition by RL Investor Holdings LLC.
Red Lobster places bankruptcy in the rearview, but not its debts
As part of our new ownership structure, we have backers who have a history of making successful investments in restaurants.
Red Lobster exits Chapter 11 with former P.F. Chang’s CEO at the helm
ORLANDO, Fla., Sept. 16, 2024 /PRNewswire/ — The Red Lobster ® restaurant chain today announces its exit from Chapter 11 restructuring and the completion of its acquisition by RL Investor Holdings LLC.
Red Lobster officially exits bankruptcy with a fresh start
Red Lobster completes Chapter 11 exit and acquisition by RL Investor Holdings LLC, poised for growth with $60 million investment plan.
Red Lobster and Hooters have closed Jacksonville restaurants. This chain is expanding
As some iconic casual dining chains have closed restaurants in Jacksonville, Olive Garden is planning to add new one.
Red Lobster Rescued From Bankruptcy, Now Run By Former P.F. Chang's CEO
The Red Lobster restaurant chain seemed on the verge of permanently shutting down, but after filing bankruptcy, the brand is returning with a new CEO.
Red Lobster Revival? Restaurant Chain Exits Bankruptcy With $60M In Funding, New CEO
Four months after its Chapter 11 filing, restaurant chain Red Lobster says it has exited bankruptcy led by new management. The company announced on Monday, Sept. 16 that it's been acquired by lender group RL Investor Holdings with $60 million in new funding backed by Fortress Investment Group.
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Red Lobster exits bankruptcy after acquisition by RL Investor Holdings
Seafood restaurant chain Red Lobster has exited Chapter 11 bankruptcy restructuring after completion of its acquisition by RL ...
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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 ...
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Fortress Appoints Damola Adamolekun as CEO of RL Investor Holdings LLC
Fortress is seeking court approval for RL Investor Holdings LLC to acquire Red Lobster out of bankruptcy Fortress Investment Group today announces the appointment of Damola Adamolekun as CEO of ...
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Fortress Appoints Damola Adamolekun as CEO of RL Investor Holdings LLC
Fortress is seeking court approval for RL Investor Holdings LLC to acquire Red Lobster out of bankruptcy Upon court approval of the Red Lobster Chapter 11 plan, Damola Adamolekun will become CEO ...