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When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. ... The company that bought the properties, American Realty Capital Partners, got a ...
Thai Union acquired its first equity shares in Red Lobster with a $575 million deal in 2016 and then joined a private consortium to buy Golden Gate out entirely in 2020. The timing could not have ...
Red Lobster filed for Chapter 11 bankruptcy in May 2024. [15] In November 2014, Golden Gate Capital agreed to buy Angus Chemical Co. and its Sterlington plant from Dow Chemical, for $1.215 billion. [16] In May 2015, the company backed Philip P. Gass and Kostas Cheliotis with $750 million for a reinsurance company. [17]
At the end of last year, Thai Union, which had bought a minority stake in the chain for $575 million in 2016 and purchased the rest for an undisclosed sum as a member of an investment consortium ...
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.
Red Lobster saw an additional $12.5 million in losses in the fourth quarter of 2023, which Thai Union blamed on challenges like higher costs and interest rates.
[30] [31] [32] On June 14, 2024 it was reported that Fortress Investment Group, a Wall Street investment firm co-founded by Milwaukee Bucks co-owner Wesley Edens was interested in acquisition of the company. [33] [34] Fortress Investment Group Logo. On August 26, 2024, Fortress appointed Damola CEO of Red Lobster Investor Holdings LLC, making ...
Red Lobster’s sales began declining and Darden prioritized investments in its other brands. People walk past a Red Lobster seafood restaurant in Times Square, New York, on May 15, 2024 ...