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"Red Lobster is now a stronger, more resilient company,” he said in a Sept. 16 statement. “And today is the start of a new chapter in our history.” This story was originally featured on ...
Red Lobster In 2024 the Orlando, Florida -based seafood chain slipped towards bankruptcy closing 93 locations and filing for Chapter 11 bankruptcy protection on May 20, 2024, with over $1 billion in debt.
Red Lobster’s new CEO Damola Adamolekun has big plans to turn around the restaurant chain. Red Lobster is a mess. Here’s why the new 35-year-old CEO wanted the job anyway
Berman says that the high volatility creates opportunities. For one, when a cash-rich restaurant bails on a retail location, it becomes available as a turnkey space, complete with HVAC, grease ...
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 ...
Red Lobster's incoming CEO, Damola Adamolekun, said last year that he didn't have work-life balance. Adamolekun, formerly P.F. Chang's CEO, said he preferred to integrate work and his personal life.