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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]
Red Lobster is a lost cause -- at least, that's what parent company Darden Restaurants seems to think. In the middle of December, Darden's board of directors announced its decision to remove Red ...
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.
It's been full speed ahead for Darden Restaurants with its proposal to sell or spin off its Red Lobster seafood chain. Having been pushed to action by hedge fund Barington Capital Group, which ...
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.
“Darden stopped investing in Red Lobster. Things slowly deteriorated,” Les Foreman, a director of operations and divisional vice president at Red Lobster from 2002 to 2022, told CNN.
It's not enough that Darden Restaurants is planning some sort of strategic separation of its Red Lobster chain: Barington Capital says the proposal is a halfhearted measure that fails to maximize ...
Red Lobster was forced to close many US locations due to its endless seafood deals, ... The restaurant chain was first started in Florida in 1968 by Bill Darden and Charley Woodsby, who wanted to ...
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