Red Lobster, endless shrimp
Red Lobster’s endless shrimp deal created ‘a lot of chaos,’ new CEO divulges on bankruptcy
The 35-year-old Red Lobster CEO Damola Adamolekun admits the $20 endless shrimp campaign was the main cause of the seafood chain's Chapter 11 bankruptcy.
Red Lobster’s new CEO Damola Adamolekun admits endless shrimp deal stressed out workers: ‘Creates a lot of chaos’
The shrimp-ly irresistible deal left customers shell-shocked when the restaurant chain unexpectedly shuttered nearly 100 locations across North America and filed for bankruptcy protection earlier
Unlimited shrimp or unaffordable rent? How Red Lobster’s bankruptcy sheds light on Steward Health Care’s woes
Red Lobster has clawed its way out of bankruptcy. But to understand how the seafood chain got there, it’s helpful to understand a real estate concept called a sale-leaseback.
Endless Shrimp was 'final nail in the coffin' for Red Lobster, new CEO says
Damola Adamolekun told the Wall Street Journal that while the promotion put the seafood chain over the edge, a history of underinvestment
Red Lobster is a mess. Here’s why the new 35-year-old CEO wanted the job anyway
TikToks of customers stuffing their faces with a $20 endless shrimp. More than 100 restaurant closures and thousands of layoffs. A revolving door of CEOs. Chapter 11 bankruptcy.
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.”
Red Lobster’s new CEO breaks silence over the downfall of the endless shrimp
Now Damola Adamolekun, the company’s new CEO, is shedding light on what led to the crisis and the decision to drop the promotion. “There were certainly big mistakes made over the last few years,” Adamolekun said in an interview with CNN, adding the shrimp promotion was “a very expensive product to give away endlessly.”
Red Lobster’s Young New CEO Explains Why He Ended ‘Endless Shrimp’ Almost Immediately
Red Lobster filed for bankruptcy back in May of this year and in August they announced the appointment of Damola Adamolekun as the company's new CEO. At
New Red Lobster CEO Offers A Key Lesson To CEOs On Reviving A Company
New Red Lobster CEO Damola Adamolekun is tasked with revitalizing the iconic brand. His first step offers a simple, helpful ...
Save the biscuits: OFR responds to Red Lobster
Crews with Odessa Fire Rescue responded to Red Lobster shortly after 9:30 on Monday morning, according to witnesses at the ...