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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 ...
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 ...
On Tuesday, the investment group buying Red Lobster tapped former P.F. Chang’s CEO Damola Adamolekun as the company’s next leader if it exits Chapter 11 successfully. Tijuana Flats
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.
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]
Thai Union Group, one of the world’s largest seafood suppliers, first invested in Red Lobster in 2016 and upped its stake in 2020 — but announced its intention to exit its minority investment ...
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 ...
[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 ...