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The Latest Breaking News from Damola Adamolekun

Red Lobster lost millions on its endless shrimp disaster. Shareholders say it was a ‘car crash’ designed to squeeze profits

The lawsuit accuses former controlling shareholder Thai Union of orchestrating the ploy to boost its seafood business.

Fortune

Red Lobster is offering one customer endless shrimp for 25 years - here’s how to enter

The restaurant’s all-you-can-eat Endless Shrimp promotion for dine-in customers is expected to end soon

The Independent UK

Red Lobster’s oldest restaurant is closing after 56 years in Florida

The seafood chain closed more than 100 restaurants in the US in 2024 after it filed for Chapter 11 bankruptcy

The Independent UK

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McDonald’s CEO’s viral burger taste test has a silver lining

McDonald’s CEO Chris Kempczinski’s taste test turned into a viral meme war that shows how risky the CEO-influencer model has become.

Fortune

Jeff Bezos Reveals the Root of Anxiety in People and a Simple Way to Make it Go Away

Jeff Bezos, who started Amazon in a rented garage and took 60 meetings to raise $1 million, shares how he turns anxiety into motivation to solve problems.

International Business Times UK

Red Lobster’s comeback plan includes more closures, CEO reveals

Taking the helm in September 2024, Red Lobster CEO Damola Adamolekun helped claw the seafood chain out of bankruptcy

The Independent UK

‘We inherited a very damaged brand’: Red Lobster CEO says the seafood chain could kill more locations and menu items to stay afloat

Damola Adamolekun believes Red Lobster can have the “greatest comeback in the history of the restaurant industry.”

Fortune

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Red Lobster’s 36-year-old CEO led the company after bankruptcy. Now he’s plotting the ‘greatest comeback in the history of the restaurant industry’

“Of course it’s risky,” Damola Adamolekun told Fortune’s Ruth Umoh. “I took over a company that’s bankrupt and had a lot of problems.”

Fortune

Red Lobster CEO Damola Adamolekun says the key to being a better leader is being a better person: ‘Leadership is self-improvement’

“The problem is most people are sensitive, and they don’t want to be criticized,” he said.

Fortune

Red Lobster’s 36-year-old CEO led the company after bankruptcy. Now he’s plotting the ‘greatest comeback in the history of the restaurant industry’

“Of course it’s risky,” Damola Adamolekun told Fortune’s Ruth Umoh. “I took over a company that’s bankrupt and had a lot of problems.”

Fortune

Red Lobster brings back shrimp deal - but with one key difference

IN FULL

The Independent UK

Red Lobster introduces new shrimp deal a year after bankruptcy caused by disastrous bottomless offer

The fast food chain closed 129 locations after filing for bankruptcy last year

The Independent UK

How Red Lobster’s CEO weighs the risks and rewards of a turnaround role

Red Lobster chief Damola Adamolekun explains the career calculus behind saying yes to leading companies in crisis.

Fortune

Red Lobster’s CEO isn’t repeating the $11 million endless shrimp disaster

"We don’t have any plans to bring it back,” Red Lobster CEO Damola Adamolekun told Good Morning America.

Fortune

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The Independent UK

Red Lobster’s new CEO brought seafood chain back from brink of bankruptcy. He did it by reading customers’ comments

Red Lobster is back from the brink of bankruptcy with its Crabfest menu, including popular seafood boils

International Business Times UK

Red Lobster Brings Back Crabfest with 10 New Dishes in Post-Bankruptcy Comeback Plan

After filing for bankruptcy, Red Lobster brought back its popular Crabfest. Can this help it bounce back?

Fortune

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 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.

Get all your
news in one place.

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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.

The Independent UK

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

Fortune

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.

Salon

Red Lobster is making its comeback

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

International Business Times

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.

The Independent UK

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

Fortune

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.

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