The restaurant chain Red Lobster announced Monday the company exited Chapter 11 bankruptcy and has a new chief executive officer, Damola Adamolekun. Adamolekun, 35, said in a statement the restaurant is now "stronger" and "more resilient" as the company gears up for "the start of a new chapter,

After years of struggling and a decade in decline, the plastic food container and consumer products maker seeks court help under the weight of a heavy debt load.

A local Red Lobster manager is celebrating the good news. Sept. 19, Red Lobster announced it was officially out of Chapter 11 bankruptcy. The seafood restaurant giant, which has two Columbus locations,

Red Lobster exits bankruptcy, ditches unlimited shrimp for quality Red Lobster, the iconic seafood chain known for its signature Cheddar Bay Biscuits and family-friendly dining experience, is clawing its way back from the brink of financial ruin.

The Red Lobster restaurant chain seemed on the verge of permanently shutting down, but after filing bankruptcy, the brand is returning with a new CEO.