Red Lobster Unveils New Menu; CEO Makes Stop on TODAY Show

Red Lobster’s new CEO, Damola Adamolekun, appeared on TODAY earlier this week to promote the seafood chain’s new menu and discuss its future as Red Lobster moves past its bankruptcy.

“Relevant, compelling and exciting is what we want Red Lobster to be for the future, and so we’re working on that now,” Adamolekun told TODAY’s Savannah Sellers.

In hopes of achieving that goal, Red Lobster debuted a new TV spot highlighting the new menu, which features seven new menu options, including...

Red Lobster Appoints Larry Konecny as Chief Operating Officer

Red Lobster® today announced the appointment of Larry Konecny as Chief Operating Officer (COO). In this role, Konecny will lead the operational strategy for Red Lobster's 545 restaurants across the United States and Canada. Reporting directly to CEO Damola Adamolekun, he will drive initiatives to deliver elevated food quality, customer service, and operational efficiency, while fostering a culture rooted in teamwork and excellence.

"Larry brings an exceptional combination of operational expertise, a passion for developing high-performing teams, and a genuine understanding of what it... 

Bob Baker Named CFO of Red Lobster Amid Company’s Turnaround Efforts

Red Lobster has appointed Bob Baker as the company’s new Chief Financial Officer (CFO), a veteran C-suite executive in the foodservice industry. Baker will report to CEO Damola Adamolekun as part of the company's executive leadership team.

"Bob brings not only deep financial expertise but also a passion for restaurant operations," said Adamolekun. "His wealth of experience gained across the restaurant industry, combined with his hands-on approach, will be invaluable as we continue to position Red Lobster for long-term growth...

Red Lobster Adds to Exec Team with New Chief Marketing Officer

Red Lobster announced the appointment of Nichole Robillard as Chief Marketing Officer (CMO).

Robillard will oversee the company’s marketing, communications, and culinary teams, reporting directly to CEO Damola Adamolekun. She will play a key role in shaping the future of the brand across Red Lobster's 545 restaurants in the United States and Canada.

The move comes alongside Bob Baker's appointment as Chief Financial Officer as the brand turns the page post-bankruptcy, as SeafoodNews covered earlier this week.

"Nichole's ability to blend creative vision...

Red Lobster Emerges from Bankruptcy, Officially Names New CEO

Red Lobster has closed the book on its bankruptcy and enters a new era with a new captain at the helm.

The seafood restaurant chain announced its exit from Chapter 11 bankruptcy and the completion of its acquisition by RL Investor Holdings LLC. The firm also officially announced Damola Adamolekun as its new CEO.

Earlier this month, a federal court approved Red Lobster’s bankruptcy plan, paving the way for RL Investor Holdings to snatch up the company and keep its over 500 locations in operation, along with the...

Court Approves Red Lobster Bankruptcy Plan; Over 500 Restaurants to Survive

Seafood restaurant chain Red Lobster announced that it has received court approval for its Chapter 11 bankruptcy plan.

As part of the plan, RL Investor Holdings will acquire the chain. RL Investor Holdings is an entity created by funds managed by  affiliates of Fortress Investment Group LLC, alongside co-investors TCW Private Credit and Blue Torch.

The deal is expected to close by the end of this month, per a statement from Red Lobster.

The sale also means that Red Lobster will remain an independent company with 544...

Red Lobster Has A New Owner In Fortress Credit Corp.

Say hello to Red Lobster’s new owner: RL Purchaser, a stalking horse bidder composed of Red Lobster lenders and controlled by Fortress Credit Corp.

The fate of seafood restaurant chain Red Lobster has been hanging in the balance since Thai Union announced late last year that it would be exiting its minority investment in the restaurant. Financially struggling due to losses related to COVID, and then the Ultimate Endless Shrimp promotion, Red Lobster ended up shuttering locations before filing for Chapter 11 bankruptcy protection this...

Red Lobster Bankruptcy: Latest Court Docs Reveal New $3.7 Million Claim From Thai Union

According to recent court documents filed by Thai Union in Red Lobster’s chapter 11 bankruptcy case, the seafood restaurant chain owes them approximately $3.7 million.

Red Lobster voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the US. Bankruptcy Court for the Middle District of Florida this past May. The news came shortly after the chain abruptly closed a staggering amount of restaurants and engaged in a public liquidation of select restaurants. 

Since filing for bankruptcy, Red Lobster has...

Remember the Good Times: Red Lobster Encourages Customers To Stick With Them Through Bankruptcy

Red Lobster is finally addressing its customers after filing for Chapter 11 Bankruptcy on May 19. On Tuesday evening a letter was sent out to the seafood chain’s “valued guests,” and it really pulls at the heartstrings.

The letter states: “For more than five decades Red Lobster has been a part of your family’s life. We’ve been there for your celebrations, big and small. We may be the place that you first discovered your love of seafood. Or where you met...