But under Damola Adamolikon, 36, was Previously CEO of PF Chang’sRed Sea, the ship’s heart officially. As the company continues to recover from bankruptcy, the chain A pure positive income expects In the fiscal year 2026 it is expected that the average EBITDA is expected to grow by 43 % of the fiscal year 2025 to 2027.
“I think this will be the greatest return in the history of restaurants industry,” Adamolekun recently He said luckRuth Omooh in it New Vodox series PlayBook CEO. “Of course, it is risky; it has seized a bankrupt company and has a lot of problems.”
But Adamolekun, which appeared on luckOpening 100 stronger at work List, it is known for enduring risk. PF Chang’s, an Asian Football Series, led through the Covid’s pandemic, which brought the company to profitability, and led to major operational and strategic changes to the company. Under his leadership, PF Chang started generating revenues of about one billion dollars, according to The National Association of the restaurant.
This was “a crazy achievement on his face, given the challenges from which the restaurant and hospitality industry recovers from: the worst in 100 years, the challenge of the supply chain, a shallow business group, and an economy that is still confirmed,” according to the National Restaurants Association.
But for Adamolekun, a former banker at Goldman Sachs Investment, the reward was worth the risk – and it may be the same in Red Lobster.
“Investment is risk assessment business, and I think you must manage your career in the same way,” he said. luckUmoh. “The danger on its own is not something to avoid. You just need enough return.”
What is the plans of Dammula Adamolikon for our Red Sea Paradise Corner
Like the PF Chang’s Playbook, Adamolekun focuses on the laser on Red Lobster. That is, he said It will never re -promote endlessOne of the factors that prompted the Red Sea locusts to bankruptcy in the first place.
This is “because I know how to do mathematics,” Adamolikon clearly said during an interview with today last November. While the endless shrimp deal worth $ 20 made a large group of customers, the company suffered millions of operational losses.
Adamolekun also leads the company A 60 million dollar plan To keep the seafood chain standing on its feet C-SUITE With the veterans in the field of restaurants. Adolikon said his vision was “injection of more energy” at the restaurant sites. todayThrough new lighting, music and decoration.
This is in an attempt to improve and regenerate the current sites, with the repair of broken HVAC systems, carpets and torn chairs, and ensuring that more sites are not closed in the future. During bankruptcy, Red Lobster closed dozens of sites. Now the series runs about 500 sites.
Adamolekun also said he wanted to “cut the check” for customers, making it more expensive to eat there.
“We must be the best deal for the best lobster because we have the best product,” said Adamolekun today.
Similar to other restaurant chains such as hot pepperRed Lobster deducts its list, eliminating the elements that also do not lead to the efficiency of restaurants. This year, Red Lobster also operated Lobsterfest, as it offers elements like Rolbster Rolls worth $ 20 and unlimited Ceddar biscuits. The company also presented the Happy Hour menu and returned the favorite of other fans, Seafood I mentioned.
While this is a major change in a relatively short period of time, Adamolekun does not give up his return plan.
“Some people refuse to set ambitious goals because they are terrified of failure,” he said. luckUmoh. “I am not afraid of that. I don’t mind setting really high goals, and I do not mind following up difficult things. You are doing your best and trying to win.”
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