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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.
[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.
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]
The company has shuttered more than 100 locations. ... Red Lobster’s new 35-year-old CEO explains what went wrong with ‘endless shrimp’ — calls the chain ‘one of the most important ...
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.
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.
She is the former President of Red Lobster and Executive Vice President of Olive Garden American restaurant chains owned by parent company, Golden Gate Capital. Setta was named president in 2013, while Red Lobster was operated by Darden Restaurants, Inc. [ 1 ] [ 2 ] She served as the Executive Vice President of Marketing for Red Lobster from ...
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 ...