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Red Lobster [ edit ] In 2024 the Orlando, Florida -based seafood chain Red Lobster slipped towards bankruptcy closing 93 locations and filing for Chapter 11 bankruptcy protection on May 20, 2024, with over $1 billion in debt.
The first Red Lobster restaurant was opened on January 18, 1968, in Lakeland, Florida, by entrepreneurs Bill Darden and Charley Woodsby. [11] [12] The oft-quoted date of March 27, 1968, is based on the incorporation date of Red Lobster Inns of America, Inc. (now GMRI, Inc.) in the Florida Secretary of State's Office.
He later founded the Red Lobster Inns of America and opened the first Red Lobster restaurant in Lakeland, Florida, in 1968. [4] Red Lobster, which grew quickly, formed the basis of the organization that later became known as Darden Restaurants. [5] Darden chose Lakeland to see how a seafood restaurant would fare in a non-coastal region.
“Red Lobster is now a stronger, more resilient company, and today is the start of a new chapter in our history,” Adamolekun said in a statement on Monday, September 16, according to The ...
Red Lobster is betting on a new 35-year-old CEO to turn around its ailing business. The beleaguered seafood chain last month announced the hire of former P.F. Chang’s CEO Damola Adamolekun under ...
Before joining Red Lobster, he served as CEO of P.F. Chang’s from 2020 to 2023, leading the Asian-inspired food chain through the pandemic and revitalizing a once-struggling brand.
William Bristor Darden (November 17, 1918 – March 29, 1994), known as Bill, was an American businessman and the founder of the Red Lobster restaurant franchise. He is also the namesake of the multi-brand restaurant operator Darden Restaurants, which considers Darden to be its founder.
Red Lobster CEO Damola Adamolekun took on the top job at the age of 35. He says the best way to manage his own stress and ensure his team has a healthy work environment is to practice emotional ...