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However, when former owner Golden Gate Capital acquired Red Lobster for $2.1 billion in 2014, it sold the real estate to American Realty Capital for $1.5 billion in a sale-leaseback transaction.
May 20, 2024 at 3:23 PM. Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn shrimp and “endless” seafood deals, has filed for Chapter 11 ...
UPDATE: May 21, 2024. Editor's note: On May 19, Red Lobster confirmed it has filed for Chapter 11 bankruptcy. Nearly 580 of its restaurants will remain open through the restructuring process. In a ...
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.
In 2023, Red Lobster was further knocked off balance by its $20 endless shrimp offer that became much more popular with customers than anticipated. The all-you-can-eat menu option was previously a ...
May 20, 2024 at 6:34 AM. Red Lobster files for bankruptcy. Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain ...
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