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The Latest Breaking News from Red Lobster

TGI Fridays is worried it won't have enough cash if customers redeem $50 million in outstanding gift cards that don't expire

Franchisees are concerned the restaurant chain will be unable to reimburse them for cashed-in vouchers dating back as early as 2003.

Fortune

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

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Struggling TGI Fridays Closes Dozens More Restaurants

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

International Business Times

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

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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

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

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.

Fortune

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 Independent UK

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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.

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

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news in one place.

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Salon

Buca di Beppo shuts down 13 restaurants

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

The Independent UK

Colorado Red Lobster restaurant finds rare orange lobster in shipment, takes it to Denver aquarium

The Downtown Aquarium in Denver has a new resident — a rare orange lobster that was rescued from a shipment of crustaceans delivered to a Red Lobster restaurant in Pueblo, Colorado

The Independent UK

The company is known for its made-on-the-spot, customizable personal pizzas, has more than 500 locations across the US

Salon

Olive Garden's lesson for Red Lobster

It's Endless Shrimp versus the Never Ending Pasta Bowls

The Independent UK

Store closures are rocking the US market. Here’s the restaurants and retailers shutting their doors

Many closures are the result of already-struggling companies reaching their breaking points and declaring bankruptcy

Salon

Flavor Flav wants to save Red Lobster

Last month, the Public Enemy rapper made a promise to "help save one of America's greatest dining dynasties"

The Independent UK

Flavor Flav orders entire Red Lobster menu in effort to save chain following bankruptcy

Public Enemy rapper says he will do ‘everything to help Red Lobster’ after chain restaurant filed for Chapter 11 bankruptcy

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