BUSINESSJun 19 · 10:00 UTCFOX NEWS

Red Lobster's 37-year-old CEO betting on nostalgia, AI to fuel chain's comeback after bankruptcy

Red Lobster's 37-year-old CEO Damola Adamolekun is leading a comeback strategy using nostalgia and AI after the chain filed for Chapter 11 bankruptcy in 2024. The company closed underperforming locations and has shifted focus to employee engagement and limited-time promotions like endless shrimp.

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Damola AdamolekunpersonRed LobsterorganizationFortress Investment GrouporganizationChapter 11 bankruptcytopicEndless ShrimptopicFloridaplace

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