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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 ...
Adamolekun was previously appointed to head RL Investor Holdings, the newly formed entity that acquired Red Lobster. He previously said that the company’s long-term investment plan included 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 ...
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 ...
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.
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 ...
[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’s major shareholder Thai Union, a Bangkok-based canned seafood company, lost $11 million. “We need to be much more careful,” a Thai Union executive said.