Damola Adamolekun

Restaurant company Red Lobster is nearing an exit from Chapter 11 bankruptcy, which was announced earlier this year. What Happened: News of Red Lobster declaring bankruptcy prompted a mix of memories from consumers who had visited the restaurants over the year, including the world's richest...

P.F. Chang's has seen a nice rebound in terms of sales amid easing COVID-19 restrictions, the company's CEO Damola Adamolekun said Thursday on CNBC's "The Exchange." What Happened: The company's market strategy over the last year included prioritizing a brand refresh...