Red Lobster emerges from Chapter 11 with Damola Adamolekun as CEO and $60 million in funding to enhance dining experiences.

Red Lobster filed for bankruptcy protection in May and it led to the closing of dozens of restaurants in the U.S.

Here's what to know about Red Lobster's exit from bankruptcy and the new owners of the seafood restaurant chain.

Much like the rare orange crustacean found in Pueblo earlier this year, 50 local employees' jobs have been saved from the ...

Damola Adamolekun now heads up the chain, and its parent company has committed to investing $60 million in improvements ...

Red Lobster officially came out of the bankruptcy process on Monday, with the new CEO Damola Adamolekun calling it the "start ...

The deal is done. After 1,173 Chapter 11 bankruptcy pleadings and orders filed by the involved parties — a substantial docket ...

Once the acquisition is complete, Red Lobster will also bring in new leadership. Jonathan Tibus, who has served as the ...

Red Lobster has closed the book on its bankruptcy and enters a new era with a new captain at the helm. The seafood restaurant ...

Red Lobster completes Chapter 11 exit and acquisition by RL Investor Holdings LLC, poised for growth with $60 million ...

ORLANDO, Fla., Sept. 16, 2024 /PRNewswire/ — The Red Lobster ® restaurant chain today announces its exit from Chapter 11 ...