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Can Red Lobster Achieve a Turnaround with Its New CEO? The appointment of Damola Adamolekun as the new CEO of Red Lobster presents an opportunity for the restaurant chain to achieve a turnaround after filing for Chapter 11 bankruptcy in May 2024. Adamolekun, a 35-year-old Nigerian native, brings a strong background in revitalizing brands, having previously led P.F. Chang's to significant revenue growth during his tenure as CEO. His leadership was marked by a successful shift to online optimization and operational restructuring, which helped the chain navigate the challenges of the pandemic. Red Lobster's Customer Profile in an Inflationary Market: In an inflationary market, Red Lobster's customer base tends to be more value-conscious, seeking affordable yet satisfying dining experiences. These customers are likely middle-income families and older adults who still desire occasional dining out but are increasingly budget-sensitive. They appreciate promotions, loyalty rewards, and cost-effective meal bundles that offer perceived value without sacrificing quality. This demographic may also include seafood enthusiasts who prioritize freshness and quality but are cautious about spending. Conclusion: Under Adamolekun's guidance, Red Lobster will need to focus on several critical areas to achieve a successful turnaround. These include a clear strategic vision, improved financial management, operational efficiency, brand revitalization, and adapting to evolving consumer trends. By addressing the needs of their value-conscious customer base in an inflationary market, Red Lobster can strengthen its position and regain its iconic status. With strategic leadership and a focus on customer value, the restaurant chain has the potential to emerge stronger and more resilient. #RedLobsterTurnaround #CEOLeadership #InflationStrategy #CustomerValue #BrandRevitalization

Lagunitas will close its Chicago plant, a 300,000 sf space that opened in 2014. Its final day will be August 1. The change affects 86 employees, some of whom will relocate to Petaluma, California, or be offered remote roles. It's a sign of further trouble for a top craft beer brand that's struggled to find its way in recent years. While it remains dominant on draft, Lagunitas’ chain retail volumes fell below 4 million case equivalents, down about -8% in 2023 and a fall of almost -33% from their 2020 high. Production volumes have dropped from 1.07 million barrels in 2019 to 860,000 barrels in 2022 (-20%), according to the most recently available Brewers Association data. Leadership shuffles have also created friction internally, and the brand has struggled to regain its mojo:

Culturally, Heineken’s culture was never a fit. Mix in Constellation Brands former management (Constellation overpaid for Ballast Point the same year Heineken bought Lagunitas.) Note: In 2015, craft beer started its decline from it’s meteoric rise. (don’t shoot me, I’m only the piano player). Heineken management was not Tony Magee — Lagunitas founder and owner. Period. You think company culture doesn’t make a difference? From a former M&A and turnaround guy (me) — it most definitely does. Source: Kate Bernot of Good Beer Hunting #Beer #CraftBeer #NonAlcoholicBeer #Cannabis #Microbreweries #Taprooms #Brewpubs #Taverns #ConsumerBehavior #BrandAwareness #EmergingTrends #BusinessIntelligence Cheers??! ??? Stephen Carter King Chief of Growth and Marketing and Strategy + CEO of Beerconomy ?? Beer Market Analyst with beer market trends, insights, data and forecasts ? Advisor ? Sherpa ? Thought Catalyst ? Speaker ? Publisher of The Beerconomist ??

Marketing, more than colouring in? ?? Good session today understanding the importance of cultivating our amazing brands. As a sales person, I can sometimes get caught up in the numbers and miss the “fluffy” stuff. Today I was reminded that brands are crucial to the positioning of our solutions when diagnosing customer problems. Successful sales tactics follow suit. Thanks to Frankie Coulter for workshopping with us, the importance of our brand equity when influencing a shopper decision.

On news that Kings & Convicts-owned Ballast Point ceased production at its Miramar, California brewery and sold the facility to an ‘unnamed buyer’ … the company has confirmed two rounds of layoffs, San Diego Beer News reported last week. Well, that’s shocking. Not. Two companies — Constellation Brands and Kings & Convicts Brewing Co. took a billion dollar+ bath — combined. Someone’s drivin’ with their eyes closed. Make no mistake about it: These are no ‘pandemic-related’ business issues. With all the ‘smart’ bankers, attorneys, M&A companies and consultants, and more — none saw this coming?? I did. And I know many, many more that did too. Source: Brewbound #Beer #CraftBeer #NonAlcoholicBeer #Cider #Microbreweries #Taprooms #Brewpubs #Taverns #ConsumerBehavior #BrandAwareness #EmergingTrends #BusinessIntelligence “The best beers are the ones we drink with friends.” — Beerconomy ??? Stephen Carter King Chief of Growth and Marketing and Strategy, Beer Market Analyst and CEO of Beerconomy sharing beer market trends, insights, data and forecasts ? Thought Catalyst ? Advisor ? Sherpa ? Speaker ? Publisher of ‘The Beerconomist’

The term "sober curious" used to be a buzzword mostly tied the month of January but it's now a year-round affair - pretty crazy to see how views on this concept have changed in just a few years. Love the interview with Bill Shufelt from Athletic Brewing Co. ---they're a great of example of what can happen when you make a great product. And now they're the top selling beer in Whole Foods Market (alcoholic or non)?? Wild. Also another example of a product that's taken a regular place in my fridge. It's going to be fun to see the innovation that continues to come out of this category... #foodandbeverageindustry ?#foodandbeverage ?#beverages #beverageindustry #sobercurious #alcoholfree

Industry News: Donatos Pizza poised to open more than 150 locations next year Donatos Pizza has opened more than 30 locations this year, including five traditional stores and 26 strategic partnerships, bringing the brand's store count to more than 460 locations. The company plans to open more than 150 restaurants in 2024, according to a press release. The brand's strategic partnership with burger chain Red Robin has been successful. The partnership includes 274 Red Robin locations with plans to scale to additional markets across the nation. https://lnkd.in/dWmYyqkJ ————————————————— ??Over 16 MILLION Square Feet Represented?? ?Visit newenglandretail.com for more! ————————————————— #realestate #newenglandretail #property #forsale #retail #realestateinvesting #business #broker #realestatenews #properties #investor #investmentproperty #connecticut #nerp #newengland #connecticutnews #newenglandrealestatenews #donatos #pizza

Raymond Albert Kroc (1902-1984). The man who signed up to selling paper cups and milk shake mixers after World War II. That’s until he spotted a diamond in the rough while doing his thing. Well, one day, he bumped into a modest hamburger restaurant owned and run by two brothers Maurice and Richard McDonald in San Bernadino, California. The man was impressed. Being the visionary that he was, Kroc talked the two brothers into franchising their business, and thereon implemented a myriad of innovative business strategies that propelled its growth to levels never imagined by the founders. Still seeing its potential, Kroc went on to purchase McDonald’s from Maurice and Richard McDonald. The rest is history. Today, McDonald's is the world’s largest fast food restaurant chain, present in 100+ countries. Right after Walmart, it’s the world’s second largest private employer and in 2022, the world’s sixth highest in terms of brand value. Ray Kroc, the maverick of fast food, is also known for many legendary quotes. For me, the one that takes the prize (and live by) is this one… “When you’re green, you’re growing. When you’re ripe, you rot.” So folks, it’s time to take inventory of ourselves. What is it that YOU are doing to stay Green? #TeamGreen #NewBeginnings #TradeFinance

We are proud this #FamilyBusinessFriday to publish the fifth in our series of six brilliant future-looking family business leaders, forming our #FamilyBusinessWeek - ‘Ones to Watch’. Perhaps working just a mile from Dorset’s Jurassic Coast helps foster a different sense of time, but Emily Palmer Ramus, Chief Executive of Palmers Brewery, clearly has a long-term perspective. Named CEO only recently, Emily is the fifth generation descendent of John Cleeves and Robert Henry Palmer, brothers who bought an existing brewing company back in the late 19th Century. There has been beer brewing on site non-stop since 1794. Dorset-based Palmers employs 50 people directly, and their 52 pubs (all tenanted) employ a further c1,000. While the selection of beers Palmers produces may evolve, The Dorset Pale craft keg was added a few years back, the heart of the business has remained the same. “People and custodianship are always at the heart and have been for generations”, Emily explains. Staff service is measured in decades at Palmers. Half of the staff have been there over 10 years, with many over 20, and some over 30. Emily says: “Long service creates the family atmosphere at the brewery, and means we have a workforce with a wealth of knowledge and breadth of experience as they’ve often held multiple roles.” Read more about Emily and her family business journey Palmers Brewery, in our "Ones to Watch" https://bit.ly/EmilyPra ? Family Business Week is Sponsored by NatWest Business. ? #nextgeneration #innovation #stewardship #familyvalues #familybusiness