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In 1970, General Mills acquired Red Lobster as a five-unit company and with new backing, the chain expanded rapidly in the 1980s. A Lobsterfest duo meal. Red Lobster entered Canada in the 1980s, in many cases by buying Ponderosa restaurant locations.
Jul 24, 2024 · Thai Union, a global seafood supplier, became Red Lobster’s leading shareholder in 2020. Under Thai Union’s leadership, Red Lobster’s culture turned toxic, former leaders told CNN.
Jul 23, 2024 · Red Lobster has filed paperwork in a Florida federal court revealing that restaurant chain's new owner is RL Purchaser LLC, a stalking horse bidder consisting of the company's lenders....
May 20, 2024 · Red Lobster closed dozens of restaurants across the country recently. Here’s who owns Red Lobster now and more about how the chain began.
Red Lobster closed dozens of restaurants across the country recently. Here’s who owns Red Lobster now and more about how the chain began.
Jul 25, 2024 · Following the chain's declaration of bankruptcy and closure of close to 100 restaurants, Red Lobster has a new owner. Here's what to know.
May 21, 2024 · Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy.
May 20, 2024 · Red Lobster's parent company, Thai Union Group, said in November 2023 that the chain was headed toward a $20 million loss for 2023. Now the endless shrimp deal costs $25.
May 25, 2024 · Now, Red Lobster has drowned in a relentless supply of Thai Union-supplied shrimp. Red Lobster filed for Chapter 11 bankruptcy Sunday, and it plans to sell its business to its lenders. In...
Feb 20, 2024 · Red Lobster was founded by Bill Darden in 1968 and was part of Darden Restaurants until 2014, when it was acquired by Golden Gate Capital for $2.1 billion. Thai Union’s involvement began two years later, when it paid $575 million for a 25% stake in the brand.
