Red Lobster

A sushi restaurant concept from Metairie, Sushi Nami, is set to open its second location near the Mall of Louisiana. An occupancy permit was issued this week for the new restaurant, which is moving into a former Red Lobster property.

Red Lobster’s CEO Damola Adamolekun began his career as a server at Clyde’s, developing skills in managing difficult people and situations. He later transitioned to investment banking and earned an MBA from Harvard Business School before leading Red Lobster’s recovery.

Red Lobster's $20 'Ultimate Endless Shrimp' promotion caused significant financial losses, with shareholders alleging Thai Union Group exploited its controlling stake to push the promotion permanently, leading to bankruptcy and lawsuits over $32 million in disputed transactions. The promotion, which became a regular offering in 2023, allegedly prioritized Thai Union's interests as the exclusive shrimp supplier, driving down customer spending per visit.

Red Lobster creditors are suing Thai Union, their former owner, over an endless shrimp promotion. The lawsuit, filed in Florida, alleges that Thai Union used the promotion to extract value from the chain, with creditors owed approximately $295 million.

Red Lobster's $20 'Endless Shrimp' deal, which led to bankruptcy, is alleged in a lawsuit to have been a scheme by its owners to squeeze profits, rather than a failed experiment.

Thomas Dans, a Trump-appointed official, suggested that US control of Greenland could lead to increased seafood availability, including all-you-can-eat shrimp at Red Lobster. The proposal highlights potential benefits from Greenland's seafood resources flowing directly to the US.

Damola Adamolekun became Red Lobster's new CEO in September 2024. The CEO is leveraging AI and nostalgia for Red Lobster's 'greatest comeback in the history of restaurant industry'.

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.

Several US restaurant chains, including Wendy's and Pizza Hut, plan to close hundreds of locations in 2026 due to challenges like inflation, rising labor costs, and shifting customer preferences. Wendy's aims to close 5-6% of its US locations (298-358 restaurants) in the first half of 2026, while Pizza Hut plans to shutter 250 US locations during the same period.

Red Lobster has decided to close its iconic Times Square location shortly after reintroducing the endless shrimp deal, which had previously contributed to the company's struggles.

The Red Lobster restaurant in Times Square is closing, marking at least the sixth location to be shut down this year.

Red Lobster's restaurant at 5 Times Square will close permanently on June 14 due to prolonged construction activity at the building.

The Red Lobster restaurant in Times Square will close on June 14th, 2026. The final day of business is explicitly stated in the article.

Red Lobster is closing its Times Square location after 23 years. The company described the decision as difficult, noting that Times Square has been an important chapter in its history.

Red Lobster's oldest continuously operating location in Tallahassee, Florida, is closing after 56 years due to financial struggles, including the fallout from its permanent Endless Shrimp promotion and a 2014 real estate deal. The company, which emerged from bankruptcy in 2024, has introduced new leadership and menu changes under CEO Damola Adamolekun.

Fox News Digital compared popcorn shrimp basket prices across major restaurant chains in the Orlando, Florida area, finding Captain D's offers the cheapest option at $8.38 for a 40-ounce portion. Long John Silver's follows competitively at $9.29, while higher-end chains like Red Lobster and Red Robin charge $13.99 and $13.79 respectively.

Red Lobster has brought back a popular meal deal that was previously blamed for contributing to its bankruptcy in 2024. Diners are finding ways to stretch the deal further. The move may impact Red Lobster's financial situation.

Chain restaurants like Red Lobster and Applebee's have brought back all-you-can-eat deals to drive foot traffic as inflation tightens household budgets. This move aims to attract customers and increase sales. The return of these deals may help restaurants stay competitive.

Microsoft is ending the unlimited AI usage model for GitHub Copilot, switching to a metered billing system due to rising costs. The change reflects challenges in sustaining free AI features as expenses grow.

Red Lobster has reintroduced its popular endless shrimp promotion after discontinuing it in 2024 due to financial struggles. The chain filed for Chapter 11 bankruptcy, closed 130 restaurants, and reported a $76 million net loss in 2023, citing high inflation, unsustainable rent costs, and poor management as key issues.

TCW Private Credit Fund significantly reduced the equity value of a Red Lobster restaurant in Lakewood, California, by 98%. The article highlights the drastic decline in equity value for the specific restaurant location.

Diners criticized Travis Kelce and Patrick Mahomes' steakhouse for exorbitant pricing and poor service, sparking backlash over its $650 meal. The article also covers food industry trends, including Red Lobster's pricing strategy, Starbucks' tipping screens, and supply chain issues affecting fast-food chains.