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Red Lobster off the hook? Federal judge approves restructuring plan

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Red Lobster off the hook? Federal judge approves restructuring plan

A Red Lobster restaurant in Lincolnwood, Ill., on May 20.

Teresa Crawford/AP


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Teresa Crawford/AP

Red Lobster is exiting its Chapter 11 bankruptcy after a federal judge approved the seafood restaurant chain’s restructuring plan Thursday — four months after the company first announced it had filed for bankruptcy.

It’s a glimmer of good news for the business, which has faced a series of struggles including huge amounts of debt and location closures and several bad business decisions by previous leaders — including its famous $20 all-you-can-eat-shrimp promotion.

As part of the company’s restructuring plan, a group of investors under the name RL Investor Holdings LLC will acquire the Red Lobster restaurant chain. The acquisition is expected to close before the end of September, the company announced. Red Lobster will also bring on Damola Adamolekun as the new CEO. Jonathan Tibus, who served as the company’s CEO during the reorganization, is set to step down and leave the company.

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“This is a great day for Red Lobster,” Adamolekun said in a statement. “With our new backers, we have a comprehensive and long-term investment plan – including a commitment of more than $60 million in new funding – that will help to reinvigorate the iconic brand while keeping the best of its history.”

After closing a series of locations during its financial issues, Red Lobster still operates 544 locations across the U.S. and Canada — down from its roughly 580 restaurants four months ago.

The money troubles also forced Red Lobster to sell off its defunct locations’ equipment — a situation that comedian John Oliver took advantage of.

Oliver, who heads the HBO news show Last Week Tonight with John Oliver, announced in a June episode that his show bought all of the kitchen equipment and furniture from an upstate New York Red Lobster New York at auction, then used those items to create his own look-a-like Red Lobster in his studio that sold only the chain’s famous Cheddar Bay biscuits.

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Upcoming Benefit Concert For L.A. Wildfires Gets Overwhelming Response From Artists, Bands

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Upcoming Benefit Concert For L.A. Wildfires Gets Overwhelming Response From Artists, Bands

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A Couple Kisses That Sealed the Deal

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A Couple Kisses That Sealed the Deal

When Olivia Christine Snyder-Spak matched with Elias Jeremy Stein on Hinge in September 2021, she was a decade into online dating but had never found an ideal partner. “I had probably gone on at least a few hundred first dates, sometimes even doing two in a day,” she said.

Mr. Stein was less versed in internet matchmaking and had been on only a handful of dates over the previous year. “I wanted a serious relationship and decided to try the online route since meeting people in person during Covid was harder,” he said.

At the time, Mr. Stein, 35, was renting an apartment in Prospect Heights, Brooklyn; Ms. Snyder-Spak, 36, lived on Manhattan’s Lower East Side.

The two exchanged messages for a week about their shared love for cooking classes and art projects and exchanging funny stories. Then, Mr. Stein asked Ms. Snyder-Spak on a mini-golfing date.

When they met, in mid-September, at the Putting Green mini-golf course in Brooklyn, Mr. Stein was struck by Ms. Snyder-Spak’s energy. “She was super cute and seemed bubbly,” he said.

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They played golf for an hour, chatting about their backgrounds and professions as they navigated the course. “We laughed a lot because Olivia kept hitting the ball far away from the hole,” Mr. Stein said. “The conversation was so good that I asked her for drinks afterward.”

They walked to the nearby Other Half Brewing, sat outside and continued talking over beers for the next several hours. “We were easy with each other, and it was clear we had clicked,” Mr. Stein said.

Eventually, it started to rain heavily. As they waited for their Uber rides, Mr. Stein asked Ms. Snyder-Spak if he could kiss her. “I said yes, and when he smooched me, it felt like a movie kiss,” she said, describing it as “very romantic.”

They settled into a dating cadence almost immediately, seeing each other several times a week for activities like sushi-making, comedy shows and museums. On Halloween, they went to Green-Wood Cemetery in Brooklyn. “The spookiness of a cemetery seemed fitting, and the fact that Eli felt the same way was a big sign that he was going to be a great teammate, down for whatever,” Ms. Snyder-Spak said.

A vacation to Turks and Caicos Islands in January 2022 solidified their commitment. “Our flight back got canceled because of bad weather and a staffing shortage, and the two we booked after that also got canceled,” Mr. Stein said. “We eventually ended up in Miami and got bumped on our flight home.”

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Nevertheless, they had fun. “That’s when I knew that Olivia was the one.”

The experience made Ms. Snyder-Spak “realize that I wanted to do hard things together with Eli forever,” she said.

Mr. Stein grew up in Durham, N.C. He is a product manager on the software development team at Memorial Sloan Kettering in New York and the founder of Admissions Intelligence, a college admissions platform that uses artificial intelligence. He has a bachelor’s degree in international relations from Vassar College.

Ms. Snyder-Spak is from Woodbridge, Conn., and works as the director of nonfiction at the entertainment production company Topic Studios, in New York. She has a bachelor’s degree in film from Dartmouth.

After their Turks and Caicos trip, the couple began spending several nights a week at one of their two apartments. In July 2022, they began renting a place, which they’ve since bought, in Park Slope, Brooklyn.

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Their bond grew as they decorated their home and traveled to places like Brazil, Portugal and Costa Rica. “My love for Olivia was getting stronger, and it was the right time to propose,” Mr. Stein said.

[Click here to binge read this week’s featured couples.]

On Dec. 13, 2023, during a nighttime picnic in Prospect Park, Mr. Stein asked Ms. Snyder-Spak to marry him as the Geminids meteor shower brightened the skies. As they kissed after she said yes, they caught a glimpse of a shooting star.

More than a year later, on Dec. 29, they wed on the front stoop of a Park Slope brownstone owned by Rabbi Yael Werber, a friend of the couple and the ceremony’s officiant. Rabbi Werber is affiliated with Congregation Beit Simchat Torah. Afterward, they walked to Mille-Feuille Bakery Cafe in Prospect Heights and indulged in three desserts.

In September, Mr. Stein and Ms. Snyder-Spak had hosted a six-day, pre-wedding celebration in Asheville, N.C., for 140 guests; it included activities such as solving a murder mystery, visiting local breweries and tubing down the French Broad River. The festivities culminated in a symbolic wedding ceremony on Sept. 1 at Yesterday Spaces, an event venue in Leicester, N.C.

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“All my online dating before Eli was worth it because I found the guy I was looking for all along,” Ms. Snyder-Spak said. “I remember the hard work, but now everything feels like magic.”

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The Southern California fires have us on the edge of our seat. When can we finally relax?

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The Southern California fires have us on the edge of our seat. When can we finally relax?

When our city went up in flames last week, everyone I know in Los Angeles was in emergency mode. Now, as a new week begins, it’s hard to know how to feel.

For those of us living in neighborhoods not decimated by fire, the acute threat seems to have passed, at least for the moment. The skies are blueish and a light breeze is blowing as I write this. There’s ash on the ground, but less of it in the air. Most LAUSD schools have thankfully reopened. Friends and neighbors who left town are trickling back home.

And yet the National Weather Service warned of a “particularly dangerous situation” with wind gusts up to 45 to 70 mph from 4 a.m. Tuesday through 12 p.m. Wednesday for swaths of Los Angeles and Ventura counties. Additional powerful wind events are also expected throughout the week.

“We are not in the clear yet and we must not let our guard down,” Los Angeles Fire Chief Kristin Crowley said at a news conference Monday.

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And so, in my house at least, the evacuation bags are still packed and waiting by the door and my phone remains in easy reach at all times. But how much longer do we have to live like this, allowing Watch Duty alerts to interrupt our sleep, poised for flight? When will we stop feeling the threat of fire hanging over our heads? Or has the threat always been there and we’re only now just seeing it?

“The reality check is there will always be events that nature throws at us that, no matter how great our technology, we can’t fight,” said Costas Synolakis, professor of civil and environmental engineering at USC. “We don’t have to live in fear, but this should give us pause about how vulnerable we are.”

A season of high risk

Fire experts say it was the deadly combination of extremely high Santa Ana winds of up to 99 mph and a city that hadn’t seen significant rain in eight months that set the stage for the two most destructive fires in L.A. history: the Palisades fire and the Eaton fire. Collectively they have burned more than 37,000 acres and killed at least 24 people.

“How a fire starts, grows and spreads has a lot to do with wind and rainfall,” said Amanda Stasiewicz, assistant professor of fire policy and management at the University of Oregon. “We had this duality of high risk from drought making things very pro-fire growth and pro-fire proliferation plus fast-moving winds that are going to carry it quickly, make it harder to suppress and challenge firefighter safety.”

The winds may have died down for now, but the dry conditions remain unchanged, making it easy for new fires to break out from a long list of sources. If the underbelly of an overheated car comes in contact with bone-dry vegetation, that can start a fire. If someone accidentally drags a chain behind their truck, unknowingly sending sparks into the air, that too can set our hills ablaze.

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“As long as these drought conditions endure, having that go bag packed is not a bad idea,” Stasiewicz said. “If you have a wind event, the opportunity is there to have a fire get bigger, quicker — and larger fires are harder to contain.”

Her advice? Keep an eye on the weather forecast, paying special attention to wind advisories. “It’s a bit of keeping yourself on your toes,” she said.

This ends with rain

Despite the terrifying imagery and intense warnings, keep in mind that the high wind gusts predicted for the coming week are still significantly lower than the howling “Wizard of Oz”-like winds that blew through the city the night our two deadly fires began.

“To be clear, it looks very unlikely that we’ll see strong north winds of anywhere near the magnitude that we did in the beginning of [last] week,” said Daniel Swain, a UCLA climate scientist on a YouTube livestream on Friday.

However, he does not think L.A. is out of the woods yet when it comes to fire risk.

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“Relatively strong Santa Ana winds have a cumulative effect on intense drying,” he said. “I call them atmospheric blow-dryer-like winds. The longer they blow, the dryer and more flammable the vegetation becomes.”

According to Swain, the city of L.A. will not truly be able to breathe a collective sigh of relief until we see rain.

“What we really need is an inch or two of rain to truly and finally end fire season in L.A.,” he said. “Until then, any time there are dry windy conditions, we are going to see an additional risk.”

Unfortunately, there is only a slim chance of scattered showers in the forecast for the next two weeks.

“There is a chance we may continue to see fire risk into February or even March,” Swain said.

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Facing a new reality

Even with no rain in the forecast, Synolakis, who has studied people’s response to natural disasters like tsunamis, hurricanes and fires across the world, thinks it’s likely that most of us will relax our hyper-vigilant state fairly soon.

“Last week the feeling in my community in Venice was eerily similar to the first few days after 9/11 when people didn’t know if there were going to be more attacks elsewhere in the United States,” he told me. “Hearing helicopters, and seeing these giant plumes of fire increased our uncertainty. People didn’t know if the fire was going to spread all the way down here.”

But as long as the fire plumes continue to clear and evacuation orders continue to be downgraded to warnings or less, he expects people who have not been directly affected by the fires to return to a semblance of normalcy.

“If there is no new flare-up, I think by the weekend people in surrounding communities will take a deep sigh of relief,” he said.

Whether that relief is warranted, however, is worth considering. The feeling of acute threat may have passed, but climate scientists have been warning us for decades that a warming world will be accompanied by more intense weather and more intense fire.

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“These fires are entirely unexpected, but this is what I keep telling people about climate change,” Synolakis said. “You are going to have more events that are unexpected, and you are not going to be able to deal with them.”

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