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Red Lobster Exits Bankruptcy
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 after acquisition by RL Investor Holdings
Seafood restaurant chain Red Lobster has exited Chapter 11 bankruptcy restructuring after completion of its acquisition by RL Investor Holdings.
Fans rejoice as Red Lobster exits bankruptcy with new owners
Fans rejoice as Red Lobster exits bankruptcy with new owners - The seafood chain announced it was filing for bankrupcy in May
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 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 Revival? Restaurant Chain Exits Bankruptcy With $60M In New 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.
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 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.
Red Lobster claws its way out of bankruptcy; Amazon calls workers back to the office
The new CEO is Damola Adamolekun, former chief executive of P.F. Chang's. He was previously appointed to head RL Investor Holdings, the newly formed entity that acquired Red Lobster. He previously said that the long-term investment plan included a commitment of more than $60 million in funding.
Red Lobster exits Chapter 11 bankruptcy protection
Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.
Red Lobster Exits Bankruptcy; Damola Adamolekun appointed CEO
The Red Lobster(R) restaurant chain today announces its exit from Chapter 11 restructuring and the completion of its acquisition by RL Investor Holdings LLC. "Red Lobster is now a stronger, more resilient company,
2d
on MSN
I went to Red Lobster and saw why the chain has struggled — and what it could change
Red Lobster has gone through bankruptcy and a fiasco over its endless shrimp special. Here's what its like to dine at one of ...
7d
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?
2d
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 ...
Undercurrent News
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Red Lobster restaurants in Canada to remain open following approval of restructuring plan
A judge of the Superior Court in Toronto, Ontario, granted an order on Sept. 10 that recognizes the plan approved by a US ...
Journal Star on MSN
6d
'It felt like they didn't respect us': Employees upset after abrupt Red Lobster closure
After the abrupt closure, Freesmeyer stayed in contact with some of his close colleagues. He said everyone has done their ...
6d
Just how rare is a rare-colored lobster? Scientists say answer could be under the shell
A recent wave of curious colored lobsters has scientists asking just how atypical the discolored arthropods really are.
The Thaiger
6d
Red Lobster Thailand’s endless shrimp deal led to bankruptcy woes
Red Lobster's Ultimate Endless Shrimp promotion, offering unlimited shrimp for US$20, became a permanent menu item last year.
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Damola Adamolekun
Chapter 11
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