Search results
Results from the WOW.Com Content Network
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 and Canada, as well as in Ecuador, Japan, Mexico, and Thailand.
[20] [21] [22] During his tenure, the company launched P. F. Chang’s To Go, a concept that led to the growth of the brand’s delivery business. He also navigated the company through Covid-19 pandemic challenges, returned it to profitability with a 31.7% increase in sales by 2021 and annual revenues of $1 billion.
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.
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 now a stronger, more resilient company, and today is the start of a new chapter in our history,” Adamolekun said in a statement on Monday, September 16, according to The ...
The sale/leaseback that helped sink Red Lobster involved the July 2014 sale of premium real estate underneath 500 of its stores, which generated $1.5 billion.
Darden has more than 1,800 restaurant locations and more than 175,000 employees, making it the world's largest full-service restaurant company. [2] The company began as an extension of Red Lobster, founded by William Darden and initially backed by General Mills. Red Lobster was later sold in July 2014.
But Red Lobster’s latest major shareholder, Thai Union, a Bangkok-based canned seafood company, saw the promotion as a way to sell off the mountains of shrimp it was catching and turned it into ...