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Fortune
Fortune
Sydney Lake

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

Red Lobster CEO Damola Adamolekun (Credit: Ash Ponders for Fortune)

Red Lobster has had a fishy few months. In May, the seafood chain filed for bankruptcy after more than 50 locations closed amid massive losses from its mayhem-making Endless Shrimp promotion.

But in August, Red Lobster reeled in a new CEO: Damola Adamolekun, the 35-year-old former P.F. Chang’s chief executive. Adamolekun is on a mission to revive the embroiled 56-year-old restaurant chain after it was rocked by crustacean chaos in the past couple of years. 

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