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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 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.
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 may serve 395 million Cheddar Bay Biscuits each year, but apparently that hasn't been enough for Darden Restaurants to deem it worthy to stay under the parent company's official umbrella.
On Thursday, Darden Restaurants announced plans to spin off its Red Lobster restaurant chain to shareholders. For months, pressure has been mounting on the chain to make this move in an attempt to ...
Here’s who owns Red Lobster now and more about how the chain began. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail ...
General Mills acquired the restaurant two years later in 1970, before the company split into a restaurant-only firm called Darden Restaurants, which also owned Olive Garden, according to Red ...
In its second-quarter earnings announcement, Darden Restaurants revealed that it was planning on ditching Red Lobster. Management said that the Red Lobster brand had diverged from the Darden pack ...