-- Shares Facebook Twitter Reddit Email 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. In an exclusive interview with Today , Adamolekun told Savannah Sellers that Red Lobster’s menu will include seven new items and re-introduce two fan-favorite dishes.
“Relevant, compelling and exciting is what we want Red Lobster to be for the future, and so we’re working on that now,” Adamolekun said. Related “A great day for Red Lobster”: Seafood chain to exit bankruptcy after approval of restructuring plan The new items include Lobster Pappardelle, Pasta Bacon Wrapped Sea Scallops, Lobster Bisque, Lemon Basil Mahi, Simply Prepared Mahi, Parmesan-Crusted Chicken and Roasted Asparagus. Red Lobster is also bringing back its hush puppies, which hasn’t been on the restaurant’s menu for several years.
“There was a social media riot over us taking off the h.