The 35-year-old Red Lobster CEO Damola Adamolekun admits the $20 endless shrimp campaign was the main cause of the seafood ...

A revolving door of CEOs. Chapter 11 bankruptcy. Damola Adamolekun, the new chief executive of Red Lobster, is taking over a chain in turmoil. And he’s only 35. “There’s a hole to climb out ...

New data from Fast Company and FutureBrand finds customers are willing to support brands they love during financial hardships ...

Now Damola Adamolekun, the company’s new CEO, is shedding light on what led to the crisis and the decision to drop the ...

Red Lobster’s new CEO Damola Adamolekun admitted that its $20 endless shrimp offering — which contributed to the restaurant filing for bankruptcy — stressed out employees and created “a ...

Red Lobster 's shrimp promotion proved a disastrous marketing move. (Photo by: Jeffrey ... [+] Greenberg/Universal Images Group via Getty Images) Struggling seafood restaurant chain Red Lobster ...

Damola Adamolekun told the Wall Street Journal that while the promotion put the seafood chain over the edge, a history of ...

Copyright 2024 The Associated Press. All Rights Reserved. FILE - Signage at a Red Lobster restaurant, May 20, 2024, in Lincolnwood, Ill. (AP Photo/Teresa Crawford ...

Red Lobster’s new CEO knows he has a lot on his plate. The 56-year-old restaurant chain has been rocked by closures to multiple stores and a bankruptcy filing, but Damola Adamolekun is ready to ...