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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 Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.The company has operations across most of the United States (including Puerto Rico and Guam) and Canada, as well as in China, Ecuador, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.
On Thursday, Darden Restaurants announced plans to spin off its Red Lobster restaurant chain to shareholders. For months, pressure has been mounting on the chain to make this move in an attempt to ...
Red Lobster may serve 395 million Cheddar Bay Biscuits each year, but apparently that hasn't been enough for Darden Restaurants to deem it worthy to stay under the parent company's official umbrella.
In its second-quarter earnings announcement, Darden Restaurants revealed that it was planning on ditching Red Lobster. Management said that the Red Lobster brand had diverged from the Darden pack ...
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.
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 ...
Darden Restaurants sold Red Lobster to a private equity firm in 2014. Thai Union Group , one of the world’s largest seafood suppliers, first invested in Red Lobster in 2016 and upped its stake ...