Red Lobster CEO Damola Adamolekun told The Wall Street Journal that the seafood chain would like to close more low-performing restaurants.

Red Lobster's 36-year-old CEO, Damola Adamolekun, said he was focusing on improving the chain's food, service, and ambiance.

Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. The company said it had ...

Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. The Orlando, Florida-based company filed for ...

Red Lobster emerged from bankruptcy in September with new ownership and a new CEO focused on revitalizing the brand. Damola Adamolekun, the former CEO of P.F. Chang's, aims to improve food quality and ...

In 2003, Red Lobster ran an "Endless Crab" promotion. The all-you-can-eat deal backfired spectacularly. Red Lobster misjudged just how many seafood lovers would pour into restaurants around the United ...