Red Lobster Exits Bankruptcy; Damola Adamolekun appointed CEO
WEB4 days ago · PR Newswire – Orlando, Fla, September 16, 2024 – 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 is now a stronger, more resilient company, and today is the start of a new chapter in our history,” said Damola ...
Red Lobster Exits Bankruptcy; Damola Adamolekun appointed CEO
WEB4 days ago · Acquisition by RL Investor Holdings LLC Completed Red Lobster is one of the world's largest seafood restaurant chains 545 restaurants in 44 U.S. states and four Canadian provinces
Red Lobster exits bankruptcy with new owner and CEO
WEB3 days ago · 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 ...
Red Lobster Receives Court Approval of Chapter 11 Plan; Nears …
WEBSep 5, 2024 · As part of the Chapter 11 plan, RL Investor Holdings LLC will acquire the Red Lobster® restaurant chain from the Company. RL Investor Holdings LLC is an entity created by funds managed...
Red Lobster cleared to exit Chapter 11 bankruptcy - NBC News
WEBSep 5, 2024 · RL Investor Holdings includes TCW Private Credit, Blue Torch and funds managed by affiliates of Fortress Investment Group. Red Lobster will operate as an independent company. After slimming...
Red Lobster exiting bankruptcy, will operate as independent …
WEBSep 5, 2024 · As part of Red Lobster's Chapter 11 plan, RL Investor Holdings LLC − a newly formed entity organized and controlled by Fortress Investment Group LLC − will acquire the restaurant chain. The...
Fortress Appoints Damola Adamolekun as CEO of RL Investor Holdings …
WEBAug 26, 2024 · RL Investor Holdings LLC has been created by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), alongside co-investors TCW Private Credit and Blue Torch. Upon court approval of the Red Lobster Chapter 11 plan, Damola Adamolekun will become CEO of the reorganized Company.
What's next for Red Lobster? Former PF Chang's exec tapped as …
WEBAug 28, 2024 · RL Investor Holdings, previously known as RL Purchaser LLC and consists of Red Lobster's lenders, bid $376 million to acquire the company's remaining assets, according to the Orlando Business...
Fortress Appoints Damola Adamolekun as CEO of RL Investor Holdings …
WEBAug 26, 2024 · Damola Adamolekun, CEO of RL Investor Holdings LLC, a new entity that is seeking bankruptcy court approval to acquire from Red Lobster Management LLC and its direct and indirect operating...
Red Lobster exits Chapter 11 bankruptcy, announces new owners
WEB4 hours ago · However, the seafood restaurant chain announced RL Investor Holdings LLC, formerly known as RL Purchaser LLC, completed its acquisition, according to a Monday news release. This comes after RL ...