The Red Lobster restaurant chain announces that it exited Chapter 11 restructuring and closed on its acquisition by RL ...

Fans rejoice as Red Lobster exits bankruptcy with new owners - The seafood chain announced it was filing for bankrupcy in May ...

Red Lobster is exiting Chapter 11 bankruptcy after a federal judge on Thursday approved the seafood restaurant chain's plan to rebound from an "endless shrimp" fiasco, massive debt, dozens of ...

Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster says it will soon exit ...

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

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

The new CEO is Damola Adamolekun, former chief executive of P.F. Chang's. He was previously appointed to head RL Investor ...

Former P.F. Chang’s CEO Damola Adamolekun takes the helm of the resurrected seafood restaurant chain.

A local Red Lobster manager is celebrating the good news. Sept. 19, Red Lobster announced it was officially out of Chapter 11 ...

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

Once the deal is finalized, the seafood chain will operate under a new CEO — Damola Adamolekun, former chief executive of P.F ...