Red Lobster CEO says chain may shutter more restaurants: WSJ

Red Lobster closed about 130 locations during its 2024 bankruptcy, but may need to close more to continue its successful post-bankruptcy emergence. CEO Damola Adamolekun told The Wall Street Journal that the chain is assessing its current roster of restaurants and the locations' leases with a potential for additional closures. “There’s a lot of positive signs, but we inherited a very damaged brand, so there’s still work to do to repair all of that,” Adamolekun, who became the chain's chief executive in Aug ...