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Red Lobster’s revival: Bankruptcy exit paves way for restaurant chain’s future

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

The deal is done.

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After 1,173 Chapter 11 bankruptcy pleadings and orders filed by the involved parties — a substantial docket compared to most other business bankruptcy cases — RL Investor Holdings LLC has completed its acquisition of Orlando-based Red Lobster.

Newly appointed CEO Damola Adamolekun is at the helm and the seafood restaurant chain has officially exited Chapter 11 bankruptcy proceedings, announced a Sept. 16 news release.

Read: Pom Pom’s in Orlando’s Milk District to close after almost 20 years in business

Click here to read the full story on the Orlando Business Journal’s website.

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