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Red Lobster Revival? Restaurant Chain Exits Bankruptcy With $60M In Funding, New CEO Red Lobster Revival? Restaurant Chain Exits Bankruptcy With $60M In Funding, New CEO
Red Lobster Revival? Restaurant Chain Exits Bankruptcy With $60M In Funding, New CEO 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 million in new funding backed by Fortress Investment Group. Damola Adamolekun, former chief executive officer at Asian fusion casual dining chain P.F. Chang’s, is now running Red Lobster. The move comes after the chain, founded in 1968, abruptly closed dozens of locations earlier this year. It still has 544 locations across 44 US states and four provinces in…

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by Joe Lombardi
Sports
Penn State Pommel Horse Sensation Stephen Nedoroscik Wins Bronze — AGAIN Penn State Pommel Horse Sensation Stephen Nedoroscik Wins Bronze — AGAIN
Penn State Pommel Horse Sensation Stephen Nedoroscik Wins Bronze — Again Stephen Nedoroscik has done it again. The Penn State alum who hails from Worcester, Massachusetts, nailed another pommel horse routine at Paris 2024, winning his second bronze medal. Nedoroscik, 25, shot to fame as the USA men's gymnastic team's official "pommel horse specialist," earning the team its first medal in 16 years. On Saturday, Aug. 3, Nedoroscik racked up 15.300 points on the pommel horse behind two-time world champ Rhys McClenaghan, of Ireland, who won the gold.

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by Cecilia Levine