Red Lobster will soon exit from bankruptcy after judge approves sale to new owner
- A bankruptcy court approved Red Lobster's plan to exit Chapter 11 after years of losses and customer decline.
- The sale to RL Investor Holdings will finalize by the end of the month, with Damola Adamolekun becoming the new CEO.
- Adamolekun stated, "This is a great day for Red Lobster," praising the $60 million investment plan to revitalize the brand.
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Total News Sources0
Leaning Left9Leaning Right1Center13Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
L 39%
C 57%
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