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Thai Union is a publicly traded global seafood supplier with an enterprise value of approximately $4 billion. Thai Union's involvement in Red Lobster began with a $575 million investment in 2016, when it also added two representatives to the Red Lobster board of directors. The new investor group, coming together under a new company named ...
Red Lobster will close dozens of restaurants, according to multiple published reports. There have been reports of Red Lobster’s financial challenges for weeks and now a liquidator is conducting an online auction of Red Lobster restaurant inventory, such as kitchen equipment, furniture, tables, and chairs.
Red Lobster has a plan to help the chain emerge from the deep waters of bankruptcy. The plan’s top priority, per a Restaurant Business story, is to make its restaurants great places to work. This will include technical upgrades and physical improvements to the stores. Red Lobster did not rule out potentially closing more locations, the story ...
After adjusting for menu price inflation, though, restaurant sales declined 1.3% in real terms between August 2023 and August 2024, the NRA added. Total sales for the June 2024 through August 2024 period were up 2.3% from the same period a year ago. Industrial production increased 0.8% in August, per the U.S. Federal Reserve.
A fast-casual concept, I Heart Mac & Cheese “takes mac and cheese from a side dish to make it a center-of-the-plate meal,” says Collins. Its mac and cheese specialties include a lobster mac and cheese, buffalo chicken, a Philly cheesesteak variation and The Cuban with ham, pork, Gruyere and dill pickles. With comfort food as the theme ...
Richmond is a member of BJ’s board of directors and is a former chief financial officer for Darden Restaurants. He previously held various executive-level finance and strategic planning roles at Olive Garden and Red Lobster.
Bestsellers include chicken and waffles; lobster roll; steak and eggs; crabcake Benedict; and an ahi tuna sandwich. French toast concoctions include strawberry shortcake, Georgia peach and Bananas Foster flavors. The goal with Flavor Rich’s dishes is to season all dishes so no extra flavoring is needed.
Financially challenged seafood chain Red Lobster may be getting closer to emerging from bankruptcy. Fortress Investment Group has formed RL Investor Holdings, a company that would like to acquire the chain from Red Lobster Management.
Jeffrey is the executive chef; Amy is the general manager and interior designer. The couple also designed, branded, owns and operates Oxlot 19, a 60-seat upscale bistro in the Southern Hotel in Covington, La., which opened in 2014. They operated a 200-seat restaurant, Veranda on Highlands in Birmingham, Ala., from 2009 to 2014.
Can Red Lobster and Cracker Barrel make comebacks? How many people attended the NRA Show? Find answers to these questions, plus a look at Krowne's expansion plans and Cambro’s newest portfolio addition here. CIA to get a new President. Michiel Bakker was appointed the sixth president of the Culinary Institute of America.