Red Lobster Emerges from Chapter 11 Under New CEO Damola Adamolekun, Secures $60 Million to Enhance Customer Experience
Red Lobster emerges from Chapter 11 with Damola Adamolekun as CEO and $60 million in funding to enhance dining experiences.
Red Lobster survives Chapter 11 bankruptcy under new ownership
Red Lobster, the seafood chain known for its endless shrimp deals and cheddar bay biscuits, has emerged from Chapter 11 bankruptcy, according to the company. A U.S. bankruptcy judge approved the motion at the beginning of the month, just four months after the company first filed for bankruptcy protection looking to sell the company.
Red Lobster exits Chapter 11 bankruptcy with new CEO. What to know about Damola Adamolekun
The restaurant chain Red Lobster announced Monday the company exited Chapter 11 bankruptcy and has a new chief executive officer, Damola Adamolekun. Adamolekun, 35, said in a statement the restaurant is now "stronger" and "more resilient" as the company gears up for "the start of a new chapter,
Red Lobster exits Chapter 11 bankruptcy protection
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 earlier this month, which included a lender group led by asset ...
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, ditches unlimited shrimp for quality
Red Lobster exits bankruptcy, ditches unlimited shrimp for quality Red Lobster, the iconic seafood chain known for its signature Cheddar Bay Biscuits and family-friendly dining experience, is clawing its way back from the brink of financial ruin.
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How Tupperware evaded foreclosure with Ch. 11 filing
Court filings since Tupperware Brands Corp. (NYSE:TUP) filed for Chapter 11 bankruptcy protection Sept. 17 have shown the ...
J&J Unit Seeks Chapter 11 Bankruptcy for Third Time Over Baby Powder Suits
Johnson & Johnson said it received overwhelming support for a roughly $8 billion settlement of claims that its talc-based ...
Tupperware files for Chapter 11 bankruptcy due to declining sales, 3 months after laying off 150 employees
Tupperware filed for Chapter 11 bankruptcy due to declining sales and an increase in competition from other brands.
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Ebix completes Chapter 11 restructuring and consolidates with Eraaya
Ebix Inc., a provider of on-demand software and e-commerce solutions for industries including insurance, finance, healthcare, ...
Tupperware Files For Chapter 11 As Famous Sales Parties Fall Flat
Tupperware, one of the brands that revolutionized U.S. retailing with its famous sales parties, is entering Chapter 11 after ...
Tupperware Brands files for Chapter 11 bankruptcy
Kissimmee-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a ...
J&J Unit Seeks Chapter 11 For Third Time Over Baby Powder (2)
Johnson & Johnson said it received overwhelming support for a roughly $8 billion settlement of claims that its talc-based ...
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EXEC: Giant Group Subsidiary Acquires Stages Cycling Assets Out of Chapter 11
SPIA Cycling, Inc., a subsidiary of Taiwan-based The Giant Group, has successfully acquired key assets of the Stages Cycling brand from its owner companies, some of which filed for Chapter 11 ...