What’s Next for Red Lobster? CEO Shares Plans for the Future

The well-loved seafood chain Red Lobster has faced some stormy seas lately. Earlier this year, the company filed for bankruptcy, prompting widespread speculation about the reasons behind its financial struggles. Critics pointed fingers at the infamous “Endless Shrimp” promotion, which lived up to its name a little too well. Coupled with the impact of private equity strategies that stretched the company’s resources thin, it became evident that Red Lobster was in deep waters.

However, the restaurant is now turning over a new leaf. After successfully navigating the bankruptcy process, Red Lobster is focused on a fresh start. In a recent interview on NBC’s Savannah Sellers spoke with the company’s new CEO, 35-year-old Damola Adomoleken. Adomoleken shared insights into what led to the company’s challenges, his plans to guide the iconic brand back to stability, and his meteoric rise as a leader in the corporate world at such a young age.

Fans of the brand can also look forward to updates on the ever-popular Cheddar Bay Biscuits and exciting changes coming to the menu as Red Lobster plots its comeback.