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Stock impact report

Red Lobster's CEO has a new favorite dish at the chain he's trying to revive [Yahoo! Finance]

SOFTBANK GRP UNSP/ADR (SFTBY) 
NASDAQ:AMEX Investor Relations: softbank.jp/en/corp/irinfo/presentations
Company Research Source: Yahoo! Finance
It used to be snow crab, but now it's the restaurant's new take on the menu item. “I tried the Bairdi crab recently, which is a variation on the snow crab, and that is my new favorite,” Adamolekun said in an interview with the Wall Street Journal that was published early Monday. Bairdi crab legs are wild-caught and sourced “directly from the icy cold waters of the Bering Sea,” according to Red Lobster, and offer a meatier and sweeter taste than snow crab legs. Adamolekun knows the ins and outs of the menu. He frequented the restaurant chain even before being named CEO, he previously told WSJ He would reportedly speak with employees and customers to understand if it was worth diving into a leadership position at Red Lobster. In an effort to turn a sinking ship around, America's beloved seafood chain filed for bankruptcy back in May . The company had lost its sea legs, closing dozens of locations across the U.S. after suffering millions in operating losses. But now, the new C Show less Read more
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