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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. [26] 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. [27]
William Bristor Darden (November 17, 1918 – March 29, 1994) was an American businessman and the founder of the Red Lobster restaurant franchise. He is also the namesake of the multi-brand restaurant operator Darden Restaurants , which considers Darden to be its founder.
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.
General Mills quickly bought Red Lobster and in 1995 spun the chain off into a new company, Darden Restaurants, named after its founder. In 2014, Darden sold Red Lobster to Golden Gate Capital , a ...
Founded by Bill Darden, Red Lobster was racially integrated when it opened in 1968 in Lakeland, Florida. ... Walter King, who was hired in 1971 to manage a Red Lobster restaurant, was one of the ...
Darden Restaurants sold Red Lobster to a private equity firm in 2014. Thai Union Group , one of the world’s largest seafood suppliers, first invested in Red Lobster in 2016 and upped its stake ...
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