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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, Hong Kong, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.
Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando, Florida. As of May 2023, the firm owns three fine dining restaurant chains: Ruth’s Chris Steak House, Eddie V's and The Capital Grille; and six casual dining restaurant chains: Olive Garden Italian Restaurant, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar's Scratch Kitchen.
Founder of Red Lobster. Spouse. Mary Green. Children. 3. 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. [1]
Darden Restaurants sold Red Lobster to Golden Gate Capital in 2014. Thai Union, which previously had a one-fourth stake in the company, bought out Golden Gate's stake in the company in 2020.
Alamy Darden's (DRI) bout with financial indigestion continues. The casual dining operator behind the Red Lobster and Olive Garden chains disappointed the market again with a lackluster earnings ...
On Thursday, Darden Restaurants announced plans to spin off its Red Lobster restaurant chain to shareholders. For months, pressure has been mounting on the chain to make this move in an attempt to ...
Menus remained separate, with customers only able to order from the location they are seated in. In 2014, Darden Restaurants announced intentions to sell Red Lobster, to close two Olive Garden and Red Lobster co-locations in Georgia and South Carolina, and to convert the remaining four co-locations into standalone Olive Garden restaurants.
As the two largest casual-dining chains owned by Darden Restaurants , Olive Garden and Red Lobster are often mentioned by investors in the same breath. But that's all about to change, thanks to ...
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