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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 (including Puerto Rico and Guam) and Canada, as well as in China, Ecuador, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.
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]
Red Lobster’s annual customer count has dropped by 30% since 2019, Red Lobster said in its bankruptcy filing. Paul Kenny steps in Red Lobster was started in 1968 by Bill Darden, an architect of ...
In May 2024, Red Lobster filed for Chapter 11 bankruptcy protection, announced the closure of at least 99 locations, and Thai Union issued the following statement: “After detailed analysis, we have determined that Red Lobster’s ongoing financial requirements no longer align with our capital allocation priorities and therefore are pursuing ...
"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 ...
Red Lobster locations across the country started closing abruptly Monday, surprising residents and, at least in one case, a city official. Nearly 100 Red Lobsters marked ‘closed’ on restaurant ...
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. Now the restaurants can't pay the rent.
Red Lobster, a popular seafood restaurant chain, has reportedly been considering filing for Chapter 11 bankruptcy, according to a report from Bloomberg. That has spurred rumors of mass closures ...