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   • 
     Benzinga via Yahoo

     It Was A Bad Real Estate Deal, Not A Bad Meal Deal That Killed Red Lobster

     When the venerable Red Lobster restaurant chain filed for bankruptcy and announced it would be closing dozens of locations, the news didn't come as a surprise. Red Lobster had been struggling ...

     1 day ago

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     NBC NEWS

     How private equity rolled Red Lobster

     6 days ago

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     Moneywise via Yahoo

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

     6 days ago

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     Financial Post via Yahoo

     What's going on at Red Lobster and is the endless shrimp promotion to blame?

     2 days ago

   • Quartz

     Weekend Brief: Hit me with your meme stock

     6 days ago

   • USA TODAY via Yahoo

     Who owns Red Lobster? A look at ownership, menu changes amid restaurant's bankruptcy filing

     Breeze, the Capital Grille, Seasons 52 and the Yard House. On May 16, 2014, Darden Restaurants announced plans to sell Red Lobster to Golden Gate Capital for $2.1 billion in an effort to improve ...

     7 days ago

   • Gannett via Yahoo

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

     6 days ago

   • CNN Business via Yahoo

     How a global seafood giant broke Red Lobster

     6 days ago

   • Private Banker International via Yahoo

     How private equity keeps failing brands like Red Lobster

     3 days ago

   • Business Insider

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

     4 days ago

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2. People also ask

   Did Golden Gate Capital buy Red Lobster?

   • Golden Gate Capital had purchased Red Lobster from Darden Restaurants Inc. in 2014. Red Lobster CEO Kim Lopdrup said in a press release announcing the acquisition, “We are thrilled to deepen our relationship with Thai Union, a long-term strategic supplier to Red Lobster and an investment partner for the last four years.

   Golden Gate Capital to sell Red Lobster Seafood Co. | Nation's

   www.nrn.com/casual-dining/golden-gate-capital-sell-red-lobster-seafood-co-group-led-thai-union

   See all results for this question

   Who owns 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.

   Golden Gate Capital sells remaining stake in Red Lobster

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

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   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

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3. www.cnn.com › 2024/05/25 › businessHow a global seafood giant broke Red Lobster | CNN Business

   www.cnn.com › 2024/05/25 › business

   • Cached

   5 days ago · In 2014, 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. The arrangement wound up hurting Red ...

4. 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

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

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

   • Cached

   May 23, 2024 · 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. 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.

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

   www.latimes.com › business › story

   May 21, 2024 · 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...

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

   www.nbcnews.com › business › consumer

   • Cached

   6 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 ...

10. 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...