Search results
Results From The WOW.Com Content Network
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]
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. ... Golden Gate exited its Red Lobster investment, selling to Thai Union Group, a ...
Red Lobster’s new 35-year-old CEO explains what went wrong with ‘endless shrimp’ — calls the chain ‘one of the most important companies’ in American history.
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]
Red Lobster thus lost a great deal of flexibility for closing underperforming restaurants and cutting costs. The bankruptcy filing says that a material portion of the leases charge above-market rates.
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.
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 ...
The company is selling itself to Fortress Investment Group, which recently loaned Red Lobster $100 million to keep the chain going. Fortress also owns Krystal, Logan's Roadhouse and J. Alexander's.