The property on the end of Debuys Road where a Red Lobster once stood will soon be the spot for a Holiday Inn.

Red Lobster's 36-year-old CEO, Damola Adamolekun, said he was focusing on improving the chain's food, service, and ambiance.

Fortress Investment Group LLC acquired Red Lobster as it exited bankruptcy, and appointed Damola Adamolekun chief executive ...

CEO Damola Adamolekun recently discussed Red Lobster's comeback plan. His 3 strategies offer a helpful reminder to CEOs ...

Two of the most notable were casual dining giants Red Lobster and TGI Fridays. Ballou said private equity's traditional tactics like leveraged buyouts and sale-leasebacks are often to blame.

Red Lobster customers will once again be able to eat lobster to their heart's content, with the return of Lobsterfest, known this year as "The Greatest Lobsterfest of All Time," or GLOAT for short.