@founded: Red Lobster was buried under $1 billion in debt when a 35-year-old CEO got the call. In May 2024, the chain filed for bankruptcy. 93 locations were gone, and the brand looked like another American restaurant giant fading out. Three months later, Damola Adamolekun @damolaadamolekun stepped in. Born in Nigeria and raised across three continents, he had already run P.F. Chang's at 31, helping pull it back to $1 billion in revenue during COVID. Before taking the job, he quietly visited Red Lobster locations himself. He found tired dining rooms, stretched staff, and a company people had started writing off. One year later, sales are up 40%. Now he says this could become the greatest comeback in restaurant history.

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Monday 22 June 2026 06:33:51 GMT