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

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

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

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

Red Lobster has officially emerged from bankruptcy.

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

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

Red Lobster CEO Damola Adamolekun said Fortress Investment Group's acquisition begins a new chapter for the brand, which ...

Red Lobster says it will soon exit from Chapter 11 bankruptcy protection. A U.S. bankruptcy judge on Thursday approved the ...