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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 ...
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 ...
2016: Acquired German seafood company Rügen Fisch AG. [15] 2016: Makes a US$575 million investment in Red Lobster, the world's largest seafood restaurant company. [16] 2020: It along with a few other investors bought the remaining equity in Red Lobster from GGC, making it full owner of the chain. [17]
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.
Thai Union Group, one of the world’s largest seafood suppliers, first invested in Red Lobster in 2016 and upped its stake in 2020 — but announced its intention to exit its minority investment ...
[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 ...
This year marks the 10-year anniversary of Darden Restaurants’ sale of Red Lobster after investors pushed the company to divest. Private equity firm Golden Gate Capital bought the seafood chain ...