Red Lobster CEO Revitalizes Chain with Menu and Experience Updates
#RedLobster #CEORevampRed Lobster's new 35-year-old CEO aims to revive the chain with new menu items, including returning favorites like hush puppies and popcorn shrimp, in a push to attract millennials and rebound from bankruptcy. read more
Red Lobster's New CEO Takes Charge After Shrimp Deal Mishap
#RedLobster #CEODamola Adamolekun, the new CEO of Red Lobster, addresses the issues caused by the all-you-can-eat shrimp promotion, leading to financial losses and the closure of 129 locations. He plans menu reductions and investments to improve operations, emphasizing that age is not a barrier to success. read more
Red Lobster faces more closures amid financial struggles
#RedLobster #BankruptcyRed Lobster is closing more locations as part of its restructuring after declaring bankruptcy. More than 100 stores have already shut down this year, with an additional 23 set to close. The company faced financial losses due to promotions like the $20 all-you-can-eat shrimp deal. read more
#RedLobster #lawsuit
Former Red Lobster employee sues the chain for layoff without notice amid closures; the chain filed for chapter 11 bankruptcy and announced over 50 location closures. The lawsuit seeks class action status and alleges violations of labor laws. read more
#RedLobster #Bankruptcy
Red Lobster faced bankruptcy due to an $11m loss on an ‘endless shrimp’ deal, prompting a closer look revealing deeper issues like bad management decisions, destructive buyouts, and influences from Thai Union, nicknamed the ‘Thai shrimp mafia’. read more
#RedLobster #Bankruptcy
Red Lobster, known for seafood deals, files for Chapter 11 bankruptcy days after closing numerous restaurants. The chain plans to simplify operations, close more restaurants, and pursue a sale. The move follows financial challenges and a decline in revenue. read more
#RedLobster #Bankruptcy
Red Lobster in Silver Spring, Maryland closed on May 14, 2024. The US seafood chain filed for bankruptcy protection due to struggles with lease, labor costs, and promotions like the all-you-can-eat shrimp deal. CEO Jonathan Tibus signed the document. read more
#RedLobster #restaurantauctions
Red Lobster, a popular American seafood chain, is closing several locations and auctioning off equipment from over 50 stores in the "largest restaurant auction ever." The move follows financial losses due to a popular shrimp deal that cost the chain millions. read more
#RedLobster #Chapter11Bankruptcy
Red Lobster is facing bankruptcy following closures in 20 US states, including locations in Colorado, California, Maryland, Texas, and Florida. The popular $20 "endless shrimp" promotion led to financial strain. The chain aims to file for Chapter 11 bankruptcy to negotiate concessions. read more
#RedLobster #FastCasualDining
Red Lobster's closure of 48 branches in the US is seen as the downfall of fast-casual dining, with experts highlighting consumer preference for other dining options. read more
#RedLobster #RestaurantClosure
Red Lobster plans to shutter at least 48 restaurants across the US after facing financial difficulties following an 'endless shrimp' deal. The seafood chain may consider bankruptcy, impacted by years of cost-cutting measures. read more