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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]
General Mills quickly bought Red Lobster and in 1995 spun the chain off into a new company, Darden Restaurants, named after its founder. In 2014, Darden sold Red Lobster to Golden Gate Capital , a ...
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 ...
Red Lobster is betting on a new 35-year-old CEO to turn around its ailing business. The beleaguered seafood chain last month announced the hire of former P.F. Chang’s CEO Damola Adamolekun under ...
[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 ...
Red Lobster floundered this past year, ... Adamolekun returned to investment company Paulson & Co. in August 2023. ... The best under-$50 clothing items to buy at Amazon right now. See all deals.
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 ...