Red Lobster is back; CEO plots future for seafood chain

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. The seafood chain’s exit from bankruptcy came after RL Investor Holdings LLC acquired it as part of a court-approved Chapter 11 plan. RL Investor Holdings, formed by affiliates of Fortress Investment Group, TCW Private Credit and Blue Torch, said Monday it will run Red Lobster and its 545 restaurants as an independent company. Adamolekun began his stint as the seafood...