Of course it’s risky,” Damola Adamolekun told Fortune’s Ruth Umoh. “I took over a company that’s bankrupt and had a lot of ...

Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. The company said it had ...

A little less than four months after Red Lobster filed for Chapter 11 bankruptcy, the seafood restaurant chain received court approval for its restructuring plan to continue operating under a new firm ...

Steakhouses across the United States are quietly rewriting their menus as beef costs surge to levels that operators describe ...

Red Lobster emerged from bankruptcy in September with new ownership and a new CEO focused on revitalizing the brand. Damola Adamolekun, the former CEO of P.F. Chang's, aims to improve food quality and ...

Red Lobster menu with a plate of lobster in the background - Brandon Bell/Getty Images Seafood deals and irresistible cheesy biscuits have made Red Lobster a nationally loved chain. For years now, the ...

U.S. restaurant chain Red Lobster is reportedly laying off around 200 restaurant-level employees, even as foot traffic has ...

The restaurant sector continues to struggle with waning foot traffic and reduced spending on eating out. As chain owners move to compensate for spending cutbacks by inflation battered consumers, ...

A backdoor has been implanted in the two latest versions of XZ Utils — a set of data compression software tools and libraries ‘present in nearly every Linux distribution,’ according to Red Hat. Red ...