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Lifestyle

Joy Saha

BIZARRE: Red lobster is making its comeback - What They Never Told You

Red Lobster Damola Adamolekun Flavor Flav TikTok

After receiving court approval for its restructuring plan to continue operating under a new firm, Red Lobster has announced that it’s revamping its menu and getting rid of the one deal that drove it into bankruptcy.

The popular seafood chain has been acquired by RL Investor Holdings LLC — an “entity created by funds managed by affiliates of Fortress Investment Group LLC” — alongside co-investors TCW Private Credit and Blue Torch, the company announced in a September press release. As part of the acquisition, which closed before the end of September, Damola Adamolekun, the former CEO of P.F. Chang’s, took over as the company's CEO, succeeding Jonathan Tibus.

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