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The Latest Breaking News from Red Lobster

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

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read the most diverse news in one place.

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

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

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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.

Fortune

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

The Independent UK

Bankrupt Restaurant Chain Red Lobster Names Post-Takeover CEO

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

International Business Times

Buca di Beppo shuts down 13 restaurants

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

Salon

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

Popular pizza restaurant chain teeters on brink of bankruptcy

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

The Independent UK

Olive Garden's lesson for Red Lobster

It's Endless Shrimp versus the Never Ending Pasta Bowls

Salon

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news in one place.

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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

Marie Claire

Flavor Flav Orders Everything on Red Lobster Menu to Help Stop the Chain From Closing Down

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The Independent UK

Death knell for fast food chains? Ex Hardee’s and Carl’s Jr CEO predicts more restaurants will close over high prices

Barchart

Why Red Lobster Really Filed for Bankruptcy, and McDonald's Stock is a Buy

The math behind Red Lobster's bankruptcy filing sheds an even more positive light on the 'secret sauce' behind McDonald's operations.

The Independent UK

Red Lobster employee sues chain saying she was laid-off without notice amid 50 restaurant closures

Red Lobster filed for chapter 11 bankruptcy on 20 May

Salon

Red Lobster files for bankruptcy

The restaurant will "continue to "remain open and [operate] as usual during the Chapter 11 process"

Fortune

Red Lobster is blaming its bankruptcy on top shareholder and its ex-CEO, saying an $11M all-you-can-eat-shrimp fiasco contributed to its demise

Former shareholder Thai Union had an "outsized influence on the company’s shrimp purchasing," Red Lobster's new CEO has alleged.

The Independent UK

Cost-cutting, private equity and piles of shrimp: What really drove Red Lobster into bankruptcy

The famous seafood chain lost $11m on a disastrous ‘endless shrimp’ deal. But bankruptcy documents and former employees suggest that was only a symptom of deeper problems

Fortune

Red Lobster's long-awaited bankruptcy has finally happened

Company will sell its assets to lenders.

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