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"Red Lobster is now a stronger, more resilient company,” he said in a Sept. 16 statement. “And today is the start of a new chapter in our history.” This story was originally featured on ...
As a result, Red Lobster reported $11 million in losses in the fiscal third quarter and $12.5 million in losses the following quarter. In January, Thai Union Group announced plans to sell its ...
On May 12, 2014, Darden announced that as part of its spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. [23] On May 16, 2014, Darden announced it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$ 2.1 billion. [ 24 ]
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. ... said at the time, ... Hurst said he was offered a job at another Red Lobster ...
Red Lobster CEO Damola Adamolekun took on the top job at the age of 35. He says the best way to manage his own stress and ensure his team has a healthy work environment is to practice emotional ...
Hush puppies, once a staple on Red Lobster’s menu, are coming back. It’s part of broader changes at the chain, which recently emerged from bankruptcy and is now under the control of a 35-year ...
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After shuttering more than 100 locations across the country and filing for Chapter 11 bankruptcy protection in May, Red Lobster has hired a new CEO to help revitalize the popular seafood ...
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