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The Latest Breaking News from Red Lobster

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

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

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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

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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

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

The Independent UK

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"

Salon

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

The Independent UK

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

That's one way to do it!

Marie Claire

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

The Independent UK

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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.

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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.

The Independent UK

Red Lobster files for bankruptcy days after closing dozens of restaurants

Red Lobster is filing for Chapter 11 bankruptcy protection shortly after closing some of its restaurants

The Independent UK

Take home a piece of the shrimp! Red Lobster equipment goes on sale in ‘largest restaurant auction in history’

The abrupt closures of the chain come after endless shrimp deal cost the chain millions

Salon

Red Lobster announces abrupt closures

"Furniture, fixtures and equipment from select Red Lobster locations" are starting to be auctioned off online

International Business Times UK

Red Lobster 'Bankruptcy' Scare: CFO Blames Unlimited Shrimp Deal, Pricey Labour and Leases

Red Lobster's $20 all-you-can-eat shrimp deal backfired, leading to bankruptcy talks after record losses.

Salon

Why "Abbott" star felt at home on set

The actor and comedian talks about perfecting a Philly accent, being in a cast of alpha women and where to get prop

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