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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 (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 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]
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. ... locations across 44 states and Canada. ... by many private-equity firms drive ...
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.
Red Lobster's incoming CEO, Damola Adamolekun, said last year that he didn't have work-life balance. Adamolekun, formerly P.F. Chang's CEO, said he preferred to integrate work and his personal life.
Red Lobster’s new CEO knows he has a lot on his plate. The 56-year-old restaurant chain has been rocked by closures to multiple stores and a bankruptcy filing, but Damola Adamolekun is ready to ...
Red Lobster is trying to change the tides in its post-bankruptcy era. In May, the casual seafood dining chain filed for Chapter 11 bankruptcy after closing dozens of restaurants, ...
In May, Adamolekun began visiting Red Lobsters around the U.S., snacking on crab legs, Maine lobster tail, and its famed Cheddar Bay biscuits, the Wall Street Journal reported. But Adamolekun’s ...