Damola Adamolekun, who took over as Red Lobster's CEO, was ecstatic about the acquisition, calling it a "great day" for Red Lobster. "With our new backers, we have a comprehensive and long-term ...

Los Angeles — Red Lobster is running advertisements with ... "What people, especially young people, need in addition to great food is a great atmosphere," Adamolekun said.

Red Lobster may not be expanding at the moment, but Wausau, Wisconsin, is on its radar after an airplane banner requesting a ...