Before joining Red Lobster, Adamolekun served as CEO of P.F. Chang's and was a partner at Paulson & Co., where he played a key role in acquiring the Asian American restaurant chain in 2019.

Red Lobster is "owning its lob-star status" for this year's Lobsterfest by offering customers 10 dishes and a "Create Your Own" option tied to "GLOAT," a news release read.

Red Lobster is rolling out new menu changes in an effort to excite seafood lovers — including those on TikTok. Damola Adamolekun, the restaurant chain’s new 35-year-old CEO, revealed the ...

It sounds like a shrimp-ly irresistible offer, but Red Lobster’s $20 endless shrimp deal was allegedly the main suspect in the chain’s bankruptcy filing earlier this year, the new CEO said in ...

After Red Lobster filed for bankruptcy, Flava Flav ordered the whole menu to try to save the company. “Mr. Flav has done a lot,” Adamolekun said. “We’re very appreciative of him.” ...

Red Lobster has also struggled to consistently attract middle-income consumers with more disposable income, said Clarence Otis Jr., the former CEO of Darden Restaurants from 2004 to 2014, when ...

When Red Lobster filed for bankruptcy in May, it closed 140 restaurants — 544 have remained open — and stated that the chain was $1 billion in debt, having posted a $76 million net loss in 2023.

On Sept. 5, Red Lobster revealed that it is getting acquired. Flavor Flav told Gayle King that the seafood restaurant has been a favorite of his for nearly 30 years.

Red Lobster said Thursday that it expects to operate about 544 locations across the US and Canada upon emerging from bankruptcy. That’s down from 578 disclosed as of May’s filing.

Restaurant chain Red Lobster on Thursday received court approval for a restructuring that will allow the company to emerge from bankruptcy under the ownership of a Fortress Investment Group-led ...

Fortress Investment Group By Sarah Kinbar – Staff writer, Orlando Business Journal Aug 26, 2024 Updated Aug 26, 2024 3:37pm EDT Preview this article 1 min ...

NEW YORK — Roughly two dozen more Red Lobster locations are scheduled to close within the coming days as part of the seafood restaurant chain’s ongoing bankruptcy proceedings. A recent court ...