Red Lobster exited its Chapter 11 bankruptcy reorganization Monday and RL Investor Holdings LLC completed its acquisition of the chain, which is now more than 100 units smaller than it was when it ...

A revolving door of CEOs. Chapter 11 bankruptcy. Damola Adamolekun, the new chief executive of Red Lobster, is taking over a chain in turmoil. And he’s only 35. “There’s a hole to climb out ...

Red Lobster’s new CEO knows he has a lot on his plate. The 56-year-old restaurant chain has been rocked by closures to multiple stores and a bankruptcy filing, but Damola Adamolekun is ready to ...

Red Lobster’s new CEO knows he has a lot on his plate. The 56-year-old restaurant chain has been rocked by closures to multiple stores and a bankruptcy filing, but Damola Adamolekun is ready to ...

Red Lobster's new CEO hopes to turn things around for the company, most notably with the discontinuation of the seafood chain's endless shrimp promotion. Adamolekun didn't pull any punches about ...

Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection. A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan ...

Red Lobster 's shrimp promotion proved a disastrous marketing move. (Photo by: Jeffrey ... [+] Greenberg/Universal Images Group via Getty Images) Struggling seafood restaurant chain Red Lobster ...

Red Lobster officially came out of the bankruptcy process on Monday, with new CEO Damola Adamolekun calling it the "start of a new chapter" for the seafood restaurant chain. Red Lobster’s exit ...