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, 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, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection.

Four months after its Chapter 11 filing, restaurant chain Red Lobster says it has exited bankruptcy led by new management.The company announced on Monday, Sept. 16 that it's been acquired by lender group RL Investor Holdings with $60

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.

Red Lobster CEO Damola Adamolekun said Fortress Investment Group's acquisition begins a new chapter for the brand, which filed for bankruptcy in May.

Red Lobster officially came out of the bankruptcy process on Monday, with the new CEO Damola Adamolekun calling it the "start of a new chapter" for the seafood restaurant chain.

Seafood restaurant chain Red Lobster has exited Chapter 11 bankruptcy restructuring after completion of its acquisition by RL Investor Holdings. RL Investor Holdings, formed by funds managed by affiliates of Fortress Investment Group,

Fans rejoice as Red Lobster exits bankruptcy with new owners - The seafood chain announced it was filing for bankrupcy in May