Founded in 1968, Red Lobster once had more than 600 locations across the U.S., Canada, and overseas franchises. But last year, the $2 billion revenue company went into bankruptcy, reorganized, and came out with new ownership and new leadership.
The company has sought to revamp operations, make changes to its menu, and close a few locations. According to USA Today, five Illinois Red Lobsters have closed — including in Bourbonnais, Danville, and Peoria.
All these changes are being led by the company’s 36-year-old CEO: Damola Adamolekun. Born in Nigeria, Adamolekun immigrated to the U.S. when he was nine years old. His father was a neurosurgeon — and moved his family to Springfield, Illinois, in the late 1990's. And that is where Damola says he had his first experience of Red Lobster.
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