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The Latest Breaking News from Damola Adamolekun

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

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Red Lobster's bankruptcy & how it emerged

Red Lobster is working hard to get back on its feet and win back its shrimp-happy customers.

The Street

Formerly bankrupt restaurant chain reboots menu to fix low sales

The struggling restaurant chain is betting on a beloved menu item to help it make a comeback.

The Street

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.

Fortune

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

The Independent UK

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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.”

Fortune

Red Lobster Exits Chapter 11 Bankruptcy Protection

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

International Business Times

Red Lobster officially exits Chapter 11 bankruptcy protection

The seafood restaurant chain is exiting Chapter 11 bankruptcy less than four months after filing.

The Street

Fans rejoice as Red Lobster exits bankruptcy with new owners

The seafood chain announced it was filing for bankrupcy in May

The Independent UK

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.

Fortune

Red Lobster's future is looking up

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

Salon

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The Street

Nostalgic seafood restaurant chain exits Chapter 11 bankruptcy

A nostalgic seafood chain will continue to butter Americans up after a leadership change.

Fortune

Red Lobster CEO secretly visited restaurants around the country before being made boss

Damola Adamolekun sampled crab legs and lobster tail in a food tour starting in May and ending in August when he was hired.

The Independent UK

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection

Fortune

New CEO could bring Red Lobster C-Suite stability—and prevent another endless shrimp debacle

Damola Adamolekun will become the chief executive of RL Holdings LLC, which is set to acquire Red Lobster.

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Fortune

Red Lobster's new leader is a millennial Wall Street fave who doesn't believe in work-life balance

Damola Adamolekun, former P.F. Chang’s CEO, turns to a new fast-casual venture.

The Independent UK

Red Lobster closes two dozen more restaurants after 100 shut down following bankruptcy

Last fall, Red Lobster lost $11m on its Ultimate Endless Shrimp promotion, which charged $20 for all-you-can-eat shrimp deal

International Business Times

Bankrupt Restaurant Chain Red Lobster Names Post-Takeover CEO

Damola Adamolekun is a former CEO of P.F Chang's

Fortune

A day in the life of the P.F. Chang’s CEO who wakes up at 4am

Damola Adamolekun says he doesn’t need work-life balance.

People

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