Red Lobster may be scaling back its footprint as it continues to claw its way out of bankruptcy, CEO Damola Adamolekun says.
Management for the seafood chain, which filed for bankruptcy in May 2024, is reviewing restaurant leases and closing underperforming sites to reduce costs and sharpen the company’s focus on stronger markets, Damola Adamolekun toldThe Wall Street Journal in an interview published Tuesday.
