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The Latest Breaking News from Red Lobster

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

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

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Christmas 2025: Restaurants open on holiday include Red Lobster, McDonald's, Denny's, IHOP

Few national restaurant chains are open Christmas but expect to find local Chinese restaurants serving.

Axios

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

Affordability isn’t enough. Fast casuals need a fandom-first approach

In today’s experience economy, people don’t just choose meals; they choose meaning. Chains function less like restaurants and more like sports teams.

Fortune

Hooters CEO says private equity turned it into a 'boys club hangout'—Now he's plotting a family-friendly makeover

“It's a beach-theme restaurant,” Neil Kiefer said.

Fortune

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Has Red Lobster Really Changed For The Better? Not If You’ve Tasted Their Food

Red Lobster emerged from bankruptcy with promises of a fresh start. New owners. New management. A renewed commitment to quality. But if you’ve actually eaten there recently, you know the truth tastes different than the press releases. Red Lobster’s food quality has declined significantly, leaving it a shadow of its…

Grocery Coupon Guide

McDonald’s CEO Chris Kempczinski reveals how often he eats at the fast-food chain

“Sometimes it might be a breakfast. Sometimes it might be a lunch. But hey, one of the perks of the job—you get to eat at McDonald’s a lot.”

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

SoundHound Breaks Critical Resistance: How High Can It Get Now?

SoundHound AI is on track to retest its all-time high but may not achieve it until late in the year, following the release of its Q3 earnings report.

MarketBeat

From $4 to $16 in Just One Year, This Growth Stock Is Unstoppable

Once a penny stock, SOUN stock has quadrupled in value due to booming demand for conversational AI.

Barchart

7 Things You Should Know About The “New and Improved” Red Lobster

The new Red Lobster is trying hard to shed its image as a struggling chain. After exiting Chapter 11 bankruptcy, it’s rolling out big changes in menus, ambiance, technology, and value. But not everything about the reboot is transparent or as smooth as it sounds. Whether you’ve long been a…

Grocery Coupon Guide

Why SoundHound AI Stock Is Surging Today

Shares of SoundHound AI Inc (NASDAQ:SOUN) are gaining traction on Tuesday after the company announced a collaboration with Red Lobster.

Benzinga

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Barchart

SoundHound AI Just Announced a Tasty Deal With Red Lobster. Does That Make SOUN Stock a Buy?

SoundHound stock rallies as the voice AI company announces a partnership with Red Lobster. Here’s how the new deal helps dilute the valuation overhang on SOUN shares.

The Independent UK

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

Fortune

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.

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Reason

Cracker Barrel's New Logo Isn't 'Woke' and It's Not the Reason the Company Is Struggling

The company's value was plummeting long before it nixed the "Old Timer" from its logo.

Fortune

Sorry Gen X: Boomers are making millennials their successors for CEO jobs instead because they're down with AI

The ‘forgotten generation’ of Gen Xers are being passed up for the CEO job—now, billion-dollar companies like Red Lobster, Lime, and Kickstarter are tapping millennials to lead the charge.

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.

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

Grocery Coupon Guide

7 Restaurant Chains That Quietly Closed Dozens of Locations

The restaurant industry operates on razor-thin margins, and the post-pandemic economic landscape of 2025 has been particularly challenging. While a major bankruptcy filing grabs headlines, a more subtle trend is reshaping American dining: the quiet, mass closure of locations by established chains. These companies are not officially going out of…

Benzinga

Woman With Two Kids Tells Dave Ramsey Her Husband Wants To Quit And Sell Their Home To Start A Restaurant Without Research Or Business Plan

Lindsey, a woman in her 30s, recently wrote to Dave Ramsey with a major concern: her husband wants to quit his job and sell their fully paid-off house to open a restaurant. The glaring problem in the whole situation is that he has no experience, has done no research, and…

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?

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