Red Lobster Exits Bankruptcy
After Sinking To The Bottom, Red Lobster Snapped Up From Chapter 11
Seafood chain Red Lobster has exited Chapter 11 restructuring after approval for a $375 million acquisition by RL Investor Holdings and with a new CEO at the helm.
Red Lobster exits bankruptcy after acquisition by RL Investor Holdings
Seafood restaurant chain Red Lobster has exited Chapter 11 bankruptcy restructuring after completion of its acquisition by RL Investor Holdings.
Fans rejoice as Red Lobster exits bankruptcy with new owners
Fans rejoice as Red Lobster exits bankruptcy with new owners - The seafood chain announced it was filing for bankrupcy in May
Red Lobster exits bankruptcy with new owner and CEO
Damola Adamolekun now heads up the chain, and its parent company has committed to investing $60 million in improvements
Red Lobster Exits Bankruptcy As New Owner Commits To More Than $60M In Funding
Red Lobster CEO Damola Adamolekun said Fortress Investment Group's acquisition begins a new chapter for the brand, which filed for bankruptcy in May.
Red Lobster Revival? Restaurant Chain Exits Bankruptcy With $60M In New Funding, New CEO
Four months after its Chapter 11 filing, restaurant chain Red Lobster says it has exited bankruptcy led by new management. The company announced on Monday, Sept. 16 that it's been acquired by lender group RL Investor Holdings with $60 million in new funding backed by Fortress Investment Group.
Red Lobster claws its way out of bankruptcy; Amazon calls workers back to the office
The new CEO is Damola Adamolekun, former chief executive of P.F. Chang's. He was previously appointed to head RL Investor Holdings, the newly formed entity that acquired Red Lobster. He previously said that the long-term investment plan included a commitment of more than $60 million in funding.
Red Lobster exits Chapter 11 with former P.F. Chang’s CEO at the helm
ORLANDO, Fla., Sept. 16, 2024 /PRNewswire/ — The Red Lobster ® restaurant chain today announces its exit from Chapter 11 restructuring and the completion of its acquisition by RL Investor Holdings LLC.
Red Lobster exits Chapter 11 bankruptcy protection
Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.
Red Lobster Exits Bankruptcy; Damola Adamolekun appointed CEO
The Red Lobster(R) restaurant chain today announces its exit from Chapter 11 restructuring and the completion of its acquisition by RL Investor Holdings LLC. "Red Lobster is now a stronger, more resilient company,
Red Lobster officially exits bankruptcy with a fresh start
Red Lobster completes Chapter 11 exit and acquisition by RL Investor Holdings LLC, poised for growth with $60 million investment plan.
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