Who owns Red Lobster?

Red Lobster Hospitality LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.

Are Olive Garden and Red Lobster owned by the same company?

Darden is headquartered in Orlando, Florida. Through subsidiaries, the company owns or operates over 1,700 restaurants including Olive Garden, Red Lobster, Bahama Breeze, Longhorn Steakhouse, The Capital Grill, and Seasons 52.

Who bought Red Lobster 2020?

Executives of Red Lobster have teamed up with two prominent Asian restaurateurs and one of the chain's major seafood suppliers and investors to buy Golden Gate Capital's controlling stake in the casual-dining brand. The purchase price was not disclosed.

Why did Darden sell Red Lobster?

The sale of Red Lobster is the culmination of a robust competitive process that enabled Darden to maximize the value of Red Lobster, eliminate the risks and volatility associated with continuing to own the business, and provide a realistic market-validated valuation of Darden's real estate assets.

Can I use a Red Lobster gift card at Olive Garden?

7 answers. According to the corporate website Darden gift cards may be redeemed at any Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House, Red Lobster or any other Darden restaurant in the U.S.

Red Lobster - The Fantastic Story

Does Thai Union Own Red Lobster?

Red Lobster stakeholder Thai Union and a group of investors have acquired the rest of the Orlando-based restaurant chain from the private equity firm that bought it in 2014.

Does Golden Gate Capital still own Red Lobster?

Golden Gate Capital sold its remaining equity stake in Red Lobster to existing investor Thai Union Group, a group of investors under the banner Seafood Alliance consisting of global restaurateurs and hospitality executives, and Red Lobster management, according to a press release.

Did Red Lobster change ownership?

Golden Gate Capital to sell Red Lobster Seafood Co. to group led by Thai Union. A group of minority shareholders and current management of Red Lobster Seafood Co. is acquiring the casual-dining chain from Golden Gate Capital, the new controlling consortium said Monday.

Did Darden own Red Lobster?

Until July 28, 2014, Darden also owned Red Lobster. Darden has more than 1,800 restaurant locations and more than 175,000 employees, making it the world's largest full-service restaurant company.

Is Chilis and Applebees owned by the same company?

Out of this environment emerged three American casual dining giants: TGI Fridays ($PRIVATE:TGIFRIDAYS), owned by private investment firm Sentinel Capital Partners, Chili's ($EAT), owned by Brinker International, and Applebee's ($DIN), owned by Dine Brands Global.

Who is Bill Darden?

Along with Norman Brinker, the founder of the restaurant-management company Brinker International and the man credited with inventing the salad bar, Bill Darden was a pioneer in changing the way people eat out.

Who is David Dominik?

David Dominik is a Managing Director of Golden Gate Capital. He has extensive private equity investment and operational experience, especially in a broad range of technology-related industries. Prior to Golden Gate Capital, Mr.

Is Kim lopdrup new CEO of Red Lobster?

Orlando, Fla. (July 1, 2021) – Red Lobster® announced Kelli Valade will be the company's next CEO. Valade will take on her new role on August 2, succeeding Kim Lopdrup, who plans to retire after leading the iconic seafood restaurant brand for 14 years.

Is Red Lobster corporate or franchise?

How much does Red Lobster franchise cost? Red Lobster has the franchise fee of up to $9,500, with a total initial investment of $9,500.

What restaurants are owned by Golden Gate Capital?

The firm owns California Pizza Kitchen and purchased Red Lobster from Darden Restaurants in 2014, funding the acquisition with a sale-leaseback of the chain's restaurants. Two years later, it would take a minority investment from the Bangkok seafood supplier Thai Union Group.

Is Red Lobster in Sarasota closing?

A Florida-founded, worldwide seafood restaurant chain has closed the doors on one of its Sunshine State locations in Sarasota. Red Lobster at 6747 S. Tamiami Trail has permanently closed, the restaurant's director of communications Nicole Bott confirmed in an email.

Does Red Lobster boil lobsters alive?

Unlike some seafood restaurants, Red Lobster does not boil lobsters alive. Our culinary professionals are trained to humanely end the lobster's life moments before they are cooked so our guests get the freshest, most delicious lobsters. Because the process is instant, it is the most humane way possible.