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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.
It was founded as a single Orlando restaurant in 1968 by Bill Darden, then acquired by General Mills, which then spun off Red Lobster along with its Olive Garden chain as Darden Restaurants ...
Founded by Bill Darden, Red Lobster was racially integrated when it opened in 1968 in Lakeland, Florida. ... For more CNN news and newsletters create an account at CNN.com. Show comments ...
On May 12, 2014, Darden announced that as part of the spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. [27] On May 16, 2014, Darden announced that it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. [ 28 ]
The sale/leaseback that helped sink Red Lobster involved the July 2014 sale of premium real estate underneath 500 of its stores, which generated $1.5 billion.
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Launched in 1968 in Lakeland, Florida, by local restaurateur Bill Darden, Red Lobster eventually expanded nationwide by offering Americans affordable crab, lobster and other seafood.
Here’s who owns Red Lobster now and more about how the chain began. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail ...