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The Latest Breaking News from Red Lobster

TGI Friday's Is Latest Fast-Casual Restaurant Chain To Go Bankrupt

The company that owns and operates 39 outlets in the U.S. blamed its misfortunes on the COVID-19 pandemic and 'our capital structure.'

International Business Times

Red Lobster is on a hiring spree to replace its C-suite in the aftermath of the endless shrimp debacle

The seafood chain appointed a new chief marketing officer and chief financial officer.

Fortune

Struggling TGI Fridays Closes Dozens More Restaurants

While 1,000 people lost their jobs, 2,000 others were saved.

International Business Times

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Red Lobster’s new CEO breaks silence over the downfall of the endless shrimp

All-you-can-eat offer blamed for crisis that saw the chain closing more than 100 restaurants

The Independent UK

Red Lobster's new 35-year-old CEO says endless shrimp promotion stressed out workers

The all-you-can-eat promotion also caused financial carnage.

Fortune

Red Lobster’s new CEO said the seafood chain’s endless shrimp offering caused an all-you-can-eat chaos

Damola Adamolekun says the company’s endless shrimp offering hurt “one of the most important companies in American history.”

Fortune

Veteran trader reviews Olive Garden parent stock price after earnings

TheStreet Pro's Stephen Guilfoyle and stock analysts take a second look at Darden Restaurants.

The Street

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Red Lobster Exits Chapter 11 Bankruptcy Protection

The seafood chain emerges with a new CEO and new ownership.

International Business Times

Red Lobster officially exits Chapter 11 bankruptcy protection

The seafood restaurant chain is exiting Chapter 11 bankruptcy less than four months after filing.

The Street

Fans rejoice as Red Lobster exits bankruptcy with new owners

The seafood chain announced it was filing for bankrupcy in May

The Independent UK

Red Lobster’s 35-year-old CEO wakes up at 4 a.m.

Damola Adamolekun previously served as the CEO of P.F. Chang’s before accepting the top job at Red Lobster.

Fortune

Red Lobster's future is looking up

Red Lobster will also see new leadership changes once its forthcoming acquisition is complete

Salon

BurgerFi Restaurant Chain Files For Chapter 11 Bankruptcy Protection

The company does not plan to close any location during the reorganization.

International Business Times

Nostalgic seafood restaurant chain exits Chapter 11 bankruptcy

A nostalgic seafood chain will continue to butter Americans up after a leadership change.

The Street

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Fortune

Red Lobster CEO secretly visited restaurants around the country before being made boss

Damola Adamolekun sampled crab legs and lobster tail in a food tour starting in May and ending in August when he was hired.

The Independent UK

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection

The Street

Red Lobster to close more restaurants

Red Lobster is shuttering another 23 locations amid its ongoing Chapter 11 bankruptcy proceedings.

Fortune

New CEO could bring Red Lobster C-Suite stability—and prevent another endless shrimp debacle

Damola Adamolekun will become the chief executive of RL Holdings LLC, which is set to acquire Red Lobster.

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news in one place.

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Fortune

Red Lobster's new leader is a millennial Wall Street fave who doesn't believe in work-life balance

Damola Adamolekun, former P.F. Chang’s CEO, turns to a new fast-casual venture.

The Independent UK

Red Lobster closes two dozen more restaurants after 100 shut down following bankruptcy

Last fall, Red Lobster lost $11m on its Ultimate Endless Shrimp promotion, which charged $20 for all-you-can-eat shrimp deal

International Business Times

Bankrupt Restaurant Chain Red Lobster Names Post-Takeover CEO

Damola Adamolekun is a former CEO of P.F Chang's

The Street

Red Lobster closing more restaurants in Chapter 11 bankruptcy

The struggling chain is going to be a lot smaller assuming it manages to keep operating.

The Street

Struggling restaurant chain quietly closes dozens of locations

It's not just Red Lobster and Boston Market closing locations in the post-Covid world.

The Street

Struggling bar and restaurant chain selling all its locations

The sales would involve a major business-model change for the popular restaurant chain.

Salon

Buca di Beppo shuts down 13 restaurants

The Italian-American restaurant chain cited a decrease in sales, staffing challenges and rising food costs

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