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   • USA Today

     Red Lobster closings dot the country. We mapped out where all 99 are located.

     Red Lobster filed for Chapter 11 bankruptcy in Florida on Sunday. Here's a list of the company's restaurant locations that are closed.

     6 days ago

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     NBC NEWS

     How private equity rolled Red Lobster

     4 days ago

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     Business Insider

     Red Lobster's owner once said the business left such a 'big scar' on him that he had to 'stop eating lobster'

     23 hours ago

   • Moneywise via Yahoo

     Red Lobster didn’t go bankrupt because of $20 Endless Shrimp alone — 2 factors that helped sink the seafood chain

     3 days ago

   • The Palm Beach Post

     Red Lobster in Florida: Restaurants that are open, closed after company files for bankruptcy

     5 days ago

   • Fast Company Magazine

     Private equity and mismanagement: Here's what really killed Red Lobster

     5 days ago

   • LA Times via Yahoo

     Column: It wasn't just the endless shrimp — Red Lobster's corporate owners drove it into bankruptcy

     6 days ago

   • BuzzFeed via Yahoo

     Red Lobster's Bankruptcy Announcement Has Sent The Internet Into A Tailspin, And One Theory As To Why They...

     6 days ago

   • Quartz

     Weekend Brief: Hit me with your meme stock

     3 days ago

   • Gannett via Yahoo

     How to get Red Lobster's best dishes locally — if it goes out of business

     3 days ago

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2. People also ask

   Who owns Red Lobster?

   • Red Lobster started in 1968 by Bill Darden, an architect of the casual dining revolution in America, and General Mills soon bought the restaurant. Red Lobster later became part of Darden Restaurants, the owner of Olive Garden and other chains. In 2014, Darden sold off Red Lobster to Golden Gate Capital, a private equity firm, for $2.1 billion.

   Red Lobster files for bankruptcy

   www.cnn.com/2024/05/20/investing/red-lobster-restaurants-bankruptcy/index.html

   See all results for this question

   Where is Red Lobster headquartered?

   • Red Lobster will remain headquartered in Orlando, Florida, led by CEO Kim Lopdrup and current management. Financial terms of the transactions were not disclosed. Analysts have predicted since the early days of the pandemic that Red Lobster would be among the restaurant chains to fare worse.

   Golden Gate Capital sells remaining stake in Red Lobster

   www.restaurantdive.com/news/golden-gate-capital-sells-remaining-stake-in-red-lobster/584426/

   See all results for this question

   Why did Red Lobster bankruptcy?

   • Red Lobster’s real estate sale gives its new owners little room for error. — Restaurant analyst Jonathan Maze (2014) According to Sunday’s bankruptcy filing by the chain’s new management, the chain was saddled with suffocating leases at “above-market” rents; these were the product of a financing deal entered into by Golden Gate.

   Column: It wasn’t just the endless shrimp — Red Lobster’s corporate ow…

   www.latimes.com/business/story/2024-05-21/column-it-wasnt-just-the-endless-shrimp-red-lobsters-corporate-owners-drove-it-into-bankruptcy

   See all results for this question

   Does Thai Union sell shrimp to Red Lobster?

   • Golden Gate declined to comment. A Thai Union spokesman told me via email that the accusations in the filing are “meritless” and that it intends to continue its 30-year relationship with Red Lobster as a supplier. That suggests that Thai Union sees more profit from selling shrimp to the chain than it did as a shareholder.

   Column: It wasn’t just the endless shrimp — Red Lobster’s corporate ow…

   www.latimes.com/business/story/2024-05-21/column-it-wasnt-just-the-endless-shrimp-red-lobsters-corporate-owners-drove-it-into-bankruptcy

   See all results for this question

3. www.cnn.com › 2024/05/20 › investingRed Lobster files for bankruptcy | CNN Business

   www.cnn.com › 2024/05/20 › investing

   • Cached

   May 20, 2024 · In 2014, Darden sold off Red Lobster to Golden Gate Capital, a private equity firm, for $2.1 billion. Since 2020, seafood distributor Thai Union Group, based in Thailand, has been the...

4. goldengatecap.com › thai-union-investor-group-ledThai Union, Investor Group Led by International Restaurant ...

   goldengatecap.com › thai-union-investor-group-led

   • Cached

   Aug 31, 2020 · Thai Union, Investor Group Led by International Restaurant Executives, and Red Lobster Management Acquire Red Lobster - Golden Gate Capital. August 31, 2020. • Golden Gate Capital Sells Remaining Equity Stake to Consortium. • Red Lobster Will Remain Headquartered in Orlando, Led by CEO Kim Lopdrup and Current Management Team.

5. www.fastcompany.com › 91129776 › what-really-killedHere's what really killed Red Lobster - Fast Company

   www.fastcompany.com › 91129776 › what-really-killed

   • Cached

   5 days ago · While Golden Gate Capital did add debt to Red Lobster’s balance sheet, it also made another move, selling off Red Lobster’s real-estate assets for $1.5 billion, forcing Red...

6. www.latimes.com › business › storyHiltzik: How financial machinations crippled Red Lobster ...

   www.latimes.com › business › story

   6 days ago · But that doesn’t account for the gluttony of Red Lobster’s former private equity owners, San Francisco-based Golden Gate Capital, or its subsequent corporate owners, the huge...

7. www.restaurantdive.com › news › golden-gate-capitalGolden Gate Capital sells remaining stake in Red Lobster

   www.restaurantdive.com › news › golden-gate-capital

   • Cached

   Aug 31, 2020 · Dive Brief: 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.

   • Author: Julie Littman

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9. www.kvpr.org › arts-culture › 2024/05/20Red Lobster files for bankruptcy after missteps including all ...

   www.kvpr.org › arts-culture › 2024/05/20

   • Cached

   May 20, 2024 · The firm, Golden Gate Capital, funded the deal partly by selling Red Lobster's real estate. That meant the chain had to start paying rent. That's now a major financial factor in Red Lobster's bankruptcy filing, which asks the court to reject 108 leases, letting the company abandon those locations.

10. www.nbcnews.com › business › consumerHow private equity rolled Red Lobster - NBC News

    www.nbcnews.com › business › consumer

    • Cached

    3 days ago · That firm was San Francisco-based Golden Gate Capital, with $10 billion in assets.Golden Gate had paid $2.1 billion to buy Red Lobster in May 2014, so the real estate sale was crucial to the firm ...