Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. The company said it had ...

Red Lobster's new CEO says that more restaurant closures and menu cuts could be coming as the chain fights to recover from bankruptcy and rising costs.

Add Yahoo as a preferred source to see more of our stories on Google. Family members confirm that Joe R. Lee, co-founder of Red Lobster and the first CEO of Darden Restaurants, died on Oct. 12 at the ...

Lee died on Oct. 12, WFTV reported. He had been fighting cancer for several years. The first Red Lobster was opened in 1968 in Lakeland, Florida, by Bill Darden, according to the company’s website, ...