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Red Lobster's new CEO Damola Adamolekun shares changes to the chain's menu, including seven new items, and the return of hush puppies and popcorn shrimp. EXCLUSIVE: Red Lobster revamps menu ...
Red Lobster will not be bringing back one fan-favorite food deal anytime soon.. In early 2024, the family-style seafood chain closed a handful of its restaurants across the country as serious ...
Hush puppies in, endless shrimp out as Red Lobster looks to grow Part of a revamped selection to attract more customers, the new menu comes with nine newly-added items, including lobster bisque to ...
Red Lobster Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.The company has operations across most of the United States (including Puerto Rico and Guam) and Canada, as well as in China, Ecuador, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. ... A common form of asset-stripping is known as a sale/leaseback and involves ...
Red Lobster’s new CEO knows he has a lot on his plate. The 56-year-old restaurant chain has been rocked by closures to multiple stores and a bankruptcy filing, but Damola Adamolekun is ready to ...
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At the outset, Red Lobster would be paying $118.5 million in cash rent, about half the chain's annual operating earnings, he wrote. "Red Lobster's real estate sale gives its new owners little room ...