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On May 12, 2014, Darden announced that as part of the spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. [27] On May 16, 2014, Darden announced that it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. [28]
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.
William Bristor Darden (November 17, 1918 – March 29, 1994), known as Bill, was an American businessman and the founder of the Red Lobster restaurant franchise. He is also the namesake of the multi-brand restaurant operator Darden Restaurants , which considers Darden to be its founder.
Here’s who owns Red Lobster now and more about how the chain began. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Mail ...
The weak performances from Red Lobster and Olive Garden are masking the strength seen at Darden's other restaurants. Based on this, an argument can be made that it makes sense to break up Darden ...
The following year, Darden sold Red Lobster to Golden Gate Capital, a private equity firm, for $2.1 billion. To help fund the deal, Red Lobster spun off its real estate assets in a transaction ...
On Thursday, Darden Restaurants announced plans to spin off its Red Lobster restaurant chain to shareholders. For months, pressure has been mounting on the chain to make this move in an attempt to ...
China Coast was a casual dining American restaurant chain owned by Darden Restaurants Inc., specializing in American Chinese cuisine.. Founded in 1990 in Orlando, Florida, [1] China Coast was intended to join Olive Garden and Red Lobster as Darden's signature properties. [2]