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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.
Red Lobster filed for Chapter 11 bankruptcy in Florida in May. Here's a complete list of the company's restaurant locations that are open and closed.
On May 12, 2014, Darden announced that as part of the spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. [27] On May 16, 2014, Darden announced that it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. [28]
In 1968, Darden founded the first Red Lobster restaurant in Lakeland, Florida, an inland city. The restaurant was initially called the Red Lobster Inn. Darden was inspired by Gary's Duck Inn, an Orlando seafood restaurant that Darden bought in 1963 with some partners. [3] The business became so successful that Darden opened four more restaurants.
Red Lobster is closing restaurants across the United States after filing for bankruptcy on Sunday, citing $1 billion in debt and sagging cash flows.. The ubiquitous seafood chain, known for its ...
Red Lobster operates 38 restaurants in 33 Ohio cities, according to its website, and each location in the state is listed as "open." According to the Daytona Beach News-Journal, ...
Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator. TAGeX Brands is conducting an online auction of Red ...
Red Lobster filed for Chapter 11 in May after years of weak growth amid mounting competition from fast-casual chains, heavy debt and mismanagement. After the latest streamlining, Red Lobster will ...