News and Articles About Red Lobster
Clarence Otis announced his departure from the parent company of Olive Garden on the same day the company completed the sale of Red Lobster.
Now that Golden Gate Capital has acquired Red Lobster from Darden Restaurants, the seafood chain is trying to emphasize its quality.
Golden Gate Capital, a private equity firm with experience in the restaurant industry, picks up the casual dining seafood chain from Darden Restaurants, Inc.
Yesterday, Olive Garden revealed a new logo and revamped restaurants. However, investors still want the chain to be cut off.
Olive Garden added 20 new items to its menu, as investors call for its parent company to shed the struggling chain.
Darden Restaurants continues to struggle, cutting employees and dealing with investors who are challenging the company's decisions.
Apollo Global Management will buy Chuck E. Cheese's parent company for $54 per share.
As Red Lobster struggles, Darden is looking to sell or spin off the seafood restaurant to focus on more profitable up-and-coming chains.