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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 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.
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 ...
Red Lobster's parent company, ... Thai Union Group invested in Red Lobster in 2016 and, combined with a group of other investors, it bought the rest of the company from Golden Gate Capital in 2020.
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.
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger