But after hiring a new CEO, 35-year-old Damola Adamolekun, the company is making a comeback and, this time, working smarter not harder to win back the hearts of Red Lobster fans everywhere.
His first major step towards rescuing Red Lobster is to eliminate one of its most iconic menu items: $20 endless shrimp, which was first launched in 2004. The company lost an estimated $20 ...
In May, Red Lobster filed for bankruptcy after more than 50 locations closed amid massive losses from its too-popular Endless Shrimp promotion. Then in August, the seafood chain reeled in a ...
CEO Damola Adamolekun confirmed that the $20 endless shrimp deal will not be included in a revamped menu. But there are nine ...
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