Red Lobster Revamps Menu After Bankruptcy, Drops Endless Shrimp
The seafood chain emerges from bankruptcy with a new CEO and strategy, aiming to attract younger diners while maintaining its traditional customer base.
- Red Lobster has exited bankruptcy, now under the ownership of RL Investor Holdings led by Fortress Investment Group.
- New CEO Damola Adamolekun, formerly of P.F. Chang's, is spearheading a brand refresh with a focus on attracting millennial diners.
- The revamped menu features nine new items, including bacon-wrapped sea scallops and lobster bisque, and reintroduces fan-favorite hush puppies.
- The popular 'Endless Shrimp' promotion has been permanently removed due to financial losses, but Lobsterfest will continue with expanded offerings.
- Red Lobster plans to invest $60 million in infrastructure and technology to enhance the dining experience and streamline operations.