Red Lobster Receives Court Approval of Chapter 11 Plan; Nears …
Sep 5, 2024 · As part of the Chapter 11 plan, RL Investor Holdings LLC will acquire the Red Lobster® restaurant chain from the Company. RL Investor Holdings LLC is an entity created by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), alongside co-investors TCW Private Credit and Blue Torch. The acquisition is anticipated to ...
Red Lobster Exits Bankruptcy; Damola Adamolekun appointed CEO
Sep 16, 2024 · The Red Lobster® restaurant chain today announces its exit from Chapter 11 restructuring and the completion of its acquisition by RL Investor Holdings LLC.
Red Lobster Exits Bankruptcy; Damola Adamolekun appointed CEO
Sep 16, 2024 · RL Investor Holdings LLC has completed its acquisition of the Red Lobster restaurant chain. As a result of the acquisition, Red Lobster has exited its Chapter 11 bankruptcy restructuring.
Red Lobster Receives Court Approval of Chapter 11 Plan; Nears …
Under Chapter 11 plan, Red Lobster will be acquired by RL Investor Holdings LLC, an entity backed by Fortress Investment Group.
Red Lobster exiting bankruptcy, will operate as independent …
Sep 5, 2024 · As part of Red Lobster's Chapter 11 plan, RL Investor Holdings LLC − a newly formed entity organized and controlled by Fortress Investment Group LLC − will acquire the restaurant chain....
Red Lobster Exits Bankruptcy; Damola Adamolekun appointed …
ORLANDO, Fla., Sept. 16, 2024 /PRNewswire/ -- The Red Lobster ® restaurant chain today announces its exit from Chapter 11 restructuring and the completion of its acquisition by RL Investor...
What's next for Red Lobster? Former PF Chang's exec tapped as …
Aug 28, 2024 · RL Investor Holdings, previously known as RL Purchaser LLC and consists of Red Lobster's lenders, bid $376 million to acquire the company's remaining assets, according to the Orlando Business...
Red Lobster to be led by former P.F. Chang’s CEO after bankruptcy ...
Damola Adamolekun, who stepped down as P.F. Chang’s CEO in 2023, was named CEO of RL Investor Holdings LLC on Monday and will become CEO of Red Lobster, if the court approves. ...
Fortress Appoints Damola Adamolekun as CEO of RL Investor Holdings LLC
Aug 26, 2024 · RL Investor Holdings LLC is a new entity that is seeking bankruptcy court approval to acquire from Red Lobster Management LLC and its direct and indirect operating subsidiaries (“Red...
Fortress Appoints Damola Adamolekun as CEO of RL Investor Holdings LLC ...
Aug 26, 2024 · RL Investor Holdings LLC has been created by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), alongside co-investors TCW Private Credit and Blue Torch. Upon court approval of the Red Lobster Chapter 11 plan, Damola Adamolekun will become CEO of the reorganized Company.