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Red Lobster

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…
John Oliver Bear Cakes Flying Off Trays At Hudson Valley Bakery John Oliver Bear Cakes Flying Off Trays At Hudson Valley Bakery
John Oliver Bear Cakes Flying Off Trays At Hudson Valley Bakery A bakery and restaurant owner in the region is having the time of his life selling comedian John Oliver bear cakes after a fake fight with the funnyman over restaurant equipment from a closed Red Lobster. The whole "fight" began when Oliver, who had purchased kitchen equipment from a closed Red Lobster in Ulster County, recreated the restaurant in his studio to serve the audience the signature Cheddar Bay biscuits. He also commented on his HBO show "Last Week Tonight" on Sunday, June 2, about someone who had posted a sign on the door of the closed restaurant saying they wanted to buy some k…
Updated List Of Scheduled Red Lobster Closures Includes 5 New NY Locations Updated List Of Scheduled Red Lobster Closures Includes 5 New NY Locations
Updated List Of Scheduled Red Lobster Closures Includes 5 New NY Locations Red Lobster plans to close more restaurants just weeks after it filed for bankruptcy, according to a new report. In a bankruptcy petition filed on Sunday, May 19, the company listed assets of $1 billion and liabilities of $10 billion. Days before the filing, dozens of Red Lobster locations were listed as "temporarily closed" on the company's website, including these New York locations: Kingston, Scarsdale, Nanuet, Poughkeepsie, Stony Brook In an updated list of closures reported by CNN on Thursday, June 6, five new locations in New York have been added to the list, including it…