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Red Lobster Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.The company has operations across most of the United States and Canada, as well as in Ecuador, Japan, Mexico, and Thailand.
William Bristor Darden (November 17, 1918 – March 29, 1994), known as Bill, was an American businessman and the founder of the Red Lobster restaurant franchise. He is also the namesake of the multi-brand restaurant operator Darden Restaurants, which considers Darden to be its founder. [1]
The company's former logo, used until 2009. William "Bill" Darden opened his first restaurant, The Green Frog, in Waycross, Georgia, in 1938 at age 19.He later founded the Red Lobster Inns of America and opened the first Red Lobster restaurant in Lakeland, Florida, in 1968. [4]
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. Now the restaurants can't pay the rent.
General Mills acquired the restaurant two years later in 1970, before the company split into a restaurant-only firm called Darden Restaurants, which also owned Olive Garden, according to Red ...
Walter King, who was hired in 1971 to manage a Red Lobster restaurant, was one of the company’s earliest Black employees and stayed with the chain for 36 years.
Red Lobster In 2024 the Orlando, Florida -based seafood chain Red Lobster slipped towards bankruptcy closing 93 locations and filing for Chapter 11 bankruptcy protection on May 20, 2024, with over $1 billion in debt.
General Mills owned brands like Wheaties, Cheerios and Betty Crocker, and the company wanted to enter the restaurant industry with Red Lobster’s five no-frills restaurants. A Red Lobster in 1989.