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The first Red Lobster restaurant was opened on January 18, 1968, in Lakeland, Florida, by entrepreneurs Bill Darden and Charley Woodsby. [11] [12] The oft-quoted date of March 27, 1968, is based on the incorporation date of Red Lobster Inns of America, Inc. (now GMRI, Inc.) in the Florida Secretary of State's Office.
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 [ edit ] 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 private equity owners saddled ... priced sit-down fare—it now has about 550 company-owned locations in the U.S. ... the leases charge above-market rates. Of the company's lease ...
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.
In 1995, General Mills spun off its restaurant division into a new company, Darden Restaurants, named for Red Lobster founder Bill Darden. The company initially included the legacy Red Lobster ...
Uytengsu was born in November 11, 1961 in Cebu City [3] [4] to Wilfred T. Uytengsu, Sr. and Bonnie Brooks. His paternal grandparents were Chinese Filipino. [5] He obtained a bachelor's degree in Business Administration from the University of Southern California in 1983. [3]
General Mills acquired the restaurant two years later in 1970, before the company split into a restaurant-only firm called Darden Restaurants, who also owned Olive Garden, according to Red Lobster ...