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Stay Tuned
Bankruptcy and biscuits: Red Lobster’s CEO says they’re swimming forward
05:40
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The iconic seafood chain Red Lobster has been in hot water recently. After declaring bankruptcy earlier this year, many pointed to the company's ongoing "Endless Shrimp" promotion, which seemed to be truly endless That, on top of private equity practices that further strained the brand's fortunes, and it became clear Red Lobster was in deep trouble., The restaurant is turning the page after emerging from bankruptcy with a new path forward. In this week’s Stay Tuned, NBC’s Savannah Sellers sat down with the company's new CEO, 35-year-old Damola Adomoleken, to talk about what went wrong, how he plans to steer the company back on course and how he achieved such rapid success in leading major companies at such a young age. Plus, we get the inside scoop on the beloved Cheddar Bay biscuits and what changes are in store for the menu moving forward.Nov. 25, 2024
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