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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 ...
Red Lobster also slowed investments in dining room upgrades, raised prices and cut labor under Thai Union, former executives and operations leaders say. These decisions pushed away customers and ...
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 ...
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]
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 ...