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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.
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 chain is owned and operated by Darden Restaurants, whose portfolio includes Olive Garden, Yard House, and The Capital Grille. ... Bill Darden started Red Lobster in Lakeland, Florida, in 1968 ...
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 ...
In August 1999, Darden Restaurants, Inc. opened the first Smokey Bones restaurant in Orlando, Florida, at the site previously occupied by Red Lobster and close to Darden's headquarters. [5] [6] By June 2001, Darden had opened 8 additional Smokey Bones BBQ Sports Bar restaurants in Florida, the Midwest and Northeast. [7]
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As the two largest casual-dining chains owned by Darden Restaurants , Olive Garden and Red Lobster are often mentioned by investors in the same breath. But that's all about to change, thanks to ...