All articles tagged with #red lobster
Damola Adamolekun, the 36-year-old CEO of Red Lobster, is leading a significant turnaround for the company after bankruptcy, with plans to improve efficiency, renovate locations, and make dining more affordable, aiming for what he calls the 'greatest comeback in the restaurant industry'.
Damola Adamolekun, the 36-year-old CEO of Red Lobster, is leading a significant turnaround for the company after its bankruptcy, with plans to improve efficiency, renovate locations, and make dining more affordable, aiming for what he calls the 'greatest comeback in the restaurant industry's history.'
Red Lobster, after filing for bankruptcy in 2024, has rapidly recovered under the leadership of 36-year-old CEO Damola Adamolekun, who aims to make it the greatest comeback in restaurant history by focusing on operational efficiency and strategic reinvestment, with positive financial projections for 2026 and beyond.
Damola Adamolekun, the 36-year-old CEO of Red Lobster, is leading a significant turnaround for the company after bankruptcy, focusing on operational efficiency, location renovations, menu simplification, and affordability, with plans for a historic comeback in the restaurant industry.
HCA is transforming a closed Red Lobster in Henrico into a CareNow urgent care clinic as part of a $5 million expansion plan, with the facility expected to open in 2026, aiming to increase healthcare access in the community.
A reviewer revisits Red Lobster after over a decade to try their new seafood boil, which features options like shrimp, sausage, lobster, and crab in a garlic butter sauce, served in a plastic bag. The meal is flavorful but somewhat messy, with the sausage standing out as the best component. Despite some mediocre seafood and soggy corn, the experience is highlighted by classic Cheddar Bay Biscuits. The restaurant recently exited bankruptcy and is promoting its new menu items with viral TikTok campaigns.
Red Lobster, under new CEO Damola Adamolekun, has officially retired its popular but financially damaging Endless Shrimp promotion, focusing instead on menu innovation, value deals, and customer engagement to stabilize and revitalize the brand after emerging from bankruptcy. The company also reassures that U.S. tariffs on imported seafood will not lead to price hikes, as most key seafood is sourced domestically or from exempted regions.
Red Lobster has revived its popular Crabfest with new seafood boil options, crab dishes, and summer beverages, after recovering from financial difficulties, offering a limited-time menu from June 23 to September 14.
Red Lobster has launched a new summer menu featuring 10 new items including customizable seafood boils, crab dishes, and three new cocktails, all available now to celebrate Crabfest.
Red Lobster is reintroducing hush puppies to its menu as part of a broader strategy to revitalize the chain after emerging from bankruptcy. Under new CEO Damola Adamolekun, the menu has been reduced by 20% but includes nine new items, such as bacon-wrapped scallops and lobster bisque. The changes aim to attract both its traditional Baby Boomer customer base and a younger demographic, with updates to restaurant ambiance and menu offerings. The chain is now under the ownership of Fortress Investment Group, which has invested $60 million for its revival.
Red Lobster is revamping its menu under new CEO Damola Adamolekun, introducing nine new items and bringing back the popular hush puppies, which had been removed in recent years. The menu, now 20% smaller, includes dishes like bacon-wrapped sea scallops and lobster bisque. However, the Ultimate Endless Shrimp promotion has been discontinued due to cost concerns. The chain is also responding to TikTok feedback by improving its tartar sauce recipe. Despite these changes, the annual Lobsterfest will continue, promising to be bigger than ever.
Despite filing for Chapter 11 bankruptcy, Red Lobster remains open in 44 states with over 500 locations still operational. The company has closed about 15% of its restaurants due to financial issues, including $294 million in debt, and aims to streamline operations and potentially sell its assets.
Red Lobster is closing five locations in Indiana as part of a nationwide downsizing due to bankruptcy, with the chain facing over $1 billion in debt and less than $30 million in cash. The closures include restaurants in Indianapolis, Kokomo, Richmond, Elkhart, and Michigan City, while other locations in the state will remain open.
Red Lobster is closing eight Ohio locations, including three in Northeast Ohio, as part of its Chapter 11 bankruptcy restructuring. The seafood chain plans to sell off most of its assets following financial losses, despite a temporary boost from its "Ultimate Endless Shrimp" promotion. Several other locations in Northeast Ohio remain open.
Red Lobster is closing its Outer Loop location in Louisville as part of a Chapter 11 bankruptcy filing, which will see dozens of restaurants shuttered. The chain plans to continue operating its 600 locations during the proceedings and aims to simplify operations and pursue a sale.