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Alamy If you think Darden Restaurants (DRI) is struggling to get Red Lobster back on track, just imagine how much harder things must be for Ruby Tuesday (RT). The struggling casual dining chain ...
For years, Red Lobster, which was founded in 1968 in Lakeland, Fla., was owned by Darden Restaurants, the company that owns Olive Garden and LongHorn Steakhouse.
Red Lobster, it turns out, has been in trouble for a while. In 2003, the chain, which at the time was owned by Darden Restaurants, the company that owns Olive Garden, offered a similarly ...
This year marks the 10-year anniversary of Darden Restaurants’ sale of Red Lobster after investors pushed the company to divest. Private equity firm Golden Gate Capital bought the seafood chain ...
Red Lobster saw an additional $12.5 million in losses in the fourth quarter of 2023, which Thai Union blamed on challenges like higher costs and interest rates. This all culminated in Thai Union ...
This year marks the 10-year anniversary of Darden Restaurants’ sale of Red Lobster after investors pushed the company to divest. Private equity firm Golden Gate Capital bought the seafood chain ...
In August 1999, Darden Restaurants, Inc. opened the first Smokey Bones restaurant in Orlando, Florida, at the site previously occupied by Red Lobster and close to Darden's headquarters. [5] [6] By June 2001, Darden had opened 8 additional Smokey Bones BBQ Sports Bar restaurants in Florida, the Midwest and Northeast.
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