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P.F. Chang's

Business
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
Lifestyle
Popular Hudson Valley Restaurant Closes After 10 Years Popular Hudson Valley Restaurant Closes After 10 Years
Popular Hudson Valley Restaurant Closes After 10 Years A popular Hudson Valley restaurant quietly closed its doors with just a note on the door. Diners ready to eat at the P.F. Chang's in Rockland County at The Shops at Nanuet found the restaurant closed over the Labor Day weekend. A sign on the doors directed visitors to locations in Westchester County, located in White Plains, and Hackensack, New Jersey. Calls and emails to P.F. Chang's have not been returned. Their website marks the Clarkstown location as closed. This is a developing story. Check back to Daily Voice for updates. 

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by Kathy Reakes