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The Latest Breaking News from Red Lobster

Olive Garden replaced as America’s favorite casual dining chain

The Italian food franchise slumped to a 0.8 percent rise in sales in 2024 after witnessing an 8.8 percent increase in 2023

The Independent UK

Red Lobster's 36-year-old CEO started as a Goldman Sachs intern. He reveals 3 ways he’s cooking up a comeback for the seafood chain after bankruptcy

Damola Adamolekun reveals his blueprint for garlic-butter crab and good music in Red Lobster’s second wave.

Fortune

Red Lobster's millennial CEO practices emotional control so his team never sees him sweat

Red Lobster's millennial CEO Damola Adamolekun said practicing emotional control results in a more positive work environment for his team.

Fortune

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Value-seekers drove 2024's retail trends and dead ends

Value was in vogue in 2024

The Independent UK

How ‘CEO sprinters’ like Red Lobster’s 35-year-old exec make it to the top

Leaders who become CEOs in record time all share three career catalysts.

Fortune

Shark Tank judge Daymond John says you don’t need money or connections to get rich

John, whose net worth is estimated at $350 million, thinks you don’t need privilege to make it big.

Fortune

Red Lobster launches Happy Hour menus

The seafood chain is also revamping its restaurant menu with seven new items and two fan-favorite dishes

Salon

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Red Lobster’s 35-year-old CEO announces new menu items and return of favorites in bid for millennial resurgence

Familiar favorites hush puppies and popcorn shrimp are also making a comeback to the menu

The Independent UK

Red Lobster’s CEO has a new favorite dish at the chain he’s trying to revive

Damola Adamolekun also wants to improve the layout and overall appearance of the menu itself to help customers find the best deals.

Fortune

Red Lobster is making its comeback

The seafood chain is introducing seven new items to its menu and bringing back two fan-favorite dishes

Salon

Red Lobster's New CEO Mocks Old Bosses Going Bankrupt Over Endless Shrimp Deal: 'I Know How to Do Math'

Red Lobster's new CEO recently mocked past leadership for financial missteps like the disastrous endless shrimp deal.

International Business Times

Red Lobster CEO says endless shrimp is never coming back: ‘I know how to do math’

CEO Damola Adamolekun won’t bring back the $20 endless shrimp deal that led Red Lobster to file for bankruptcy

The Independent UK

Red Lobster CEO says endless shrimp is never coming back because 'I know how to do math'

Instead, Damola Adamolekun is going back to what made the company successful in the first place.

Fortune

TGI Fridays files for bankruptcy

The company said in a statement that the COVID-19 pandemic was the “primary driver of our financial challenges"

Salon

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Fortune

TGI Fridays is worried it won't have enough cash if customers redeem $50 million in outstanding gift cards that don't expire

Franchisees are concerned the restaurant chain will be unable to reimburse them for cashed-in vouchers dating back as early as 2003.

International Business Times

TGI Friday's Is Latest Fast-Casual Restaurant Chain To Go Bankrupt

The company that owns and operates 39 outlets in the U.S. blamed its misfortunes on the COVID-19 pandemic and 'our capital structure.'

Fortune

Red Lobster is on a hiring spree to replace its C-suite in the aftermath of the endless shrimp debacle

The seafood chain appointed a new chief marketing officer and chief financial officer.

International Business Times

Struggling TGI Fridays Closes Dozens More Restaurants

While 1,000 people lost their jobs, 2,000 others were saved.

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The Independent UK

Red Lobster’s new CEO breaks silence over the downfall of the endless shrimp

All-you-can-eat offer blamed for crisis that saw the chain closing more than 100 restaurants

Fortune

Red Lobster's new 35-year-old CEO says endless shrimp promotion stressed out workers

The all-you-can-eat promotion also caused financial carnage.

Fortune

Red Lobster’s new CEO said the seafood chain’s endless shrimp offering caused an all-you-can-eat chaos

Damola Adamolekun says the company’s endless shrimp offering hurt “one of the most important companies in American history.”

International Business Times

Red Lobster Exits Chapter 11 Bankruptcy Protection

The seafood chain emerges with a new CEO and new ownership.

The Independent UK

Fans rejoice as Red Lobster exits bankruptcy with new owners

The seafood chain announced it was filing for bankrupcy in May

Fortune

Red Lobster’s 35-year-old CEO wakes up at 4 a.m.

Damola Adamolekun previously served as the CEO of P.F. Chang’s before accepting the top job at Red Lobster.

Salon

Red Lobster's future is looking up

Red Lobster will also see new leadership changes once its forthcoming acquisition is complete

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