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The Latest Breaking News from Red Lobster

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.

Fortune

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

The Independent UK

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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…

Grocery Coupon Guide

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…

Benzinga

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?

International Business Times UK

Red Lobster hoping to tempt back customers after filing for bankruptcy

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The Independent UK

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Red Lobster launches comeback menu items in bid to win back fans after bankruptcy

The fast-casual restaurant chain will be offering its Crabfest menu items until September 14

The Independent UK

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

Denny’s CEO says she starts any new gig by ‘walking around with a little journal’ and asking staff the same questions

Denny’s boss used to run the ship at Chili’s and Red Lobster—she says she starts every new assignment by asking employees and customers 4 very specific questions

Fortune

5 Restaurant Chains That Came Back From Controversy

In the fast-paced world of dining, a single misstep can tarnish a brand’s reputation. Yet, some restaurant chains have faced significant controversies and managed not only to survive but to thrive. These stories of resilience highlight the power of effective crisis management and the importance of adaptability. Here are five…

Grocery Coupon Guide

Olive Garden replaced as America’s favorite casual dining chain

The Italian food franchise slumped to a 0.8 percent rise in sales in 2024 after witnessing an 8.8 percent increase in 2023

The Independent UK

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 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.

Fortune

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The Independent UK

Value-seekers drove 2024's retail trends and dead ends

Value was in vogue in 2024

Fortune

How ‘CEO sprinters’ like Red Lobster’s 35-year-old exec make it to the top

Leaders who become CEOs in record time all share three career catalysts.

Fortune

Shark Tank judge Daymond John says you don’t need money or connections to get rich

John, whose net worth is estimated at $350 million, thinks you don’t need privilege to make it big.

Salon

Red Lobster launches Happy Hour menus

The seafood chain is also revamping its restaurant menu with seven new items and two fan-favorite dishes

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news in one place.

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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.

Salon

TGI Fridays files for bankruptcy

The company said in a statement that the COVID-19 pandemic was the “primary driver of our financial challenges"

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