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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. 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.
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. ... manager or any higher-ups at the company. He said he was told his store had been ...
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.
Red Lobster is betting on a new 35-year-old CEO to turn around its ailing business. The beleaguered seafood chain last month announced the hire of former P.F. Chang’s CEO Damola Adamolekun under ...
The company's former logo, used until 2009. William "Bill" Darden opened his first restaurant, The Green Frog, in Waycross, Georgia, in 1938 at age 19.He later founded the Red Lobster Inns of America and opened the first Red Lobster restaurant in Lakeland, Florida, in 1968. [4]
As part of that transition of power, Adamolekun, who previously served as CEO of P.F. Chang’s, was named CEO as Red Lobster will remain an independent company, while customers can visit any one ...