Red Lobster

News and Articles About Red Lobster

Activist Investor Tells Olive Garden to Google 'How to Cook Pasta'
Olive Garden

Activist Investor Tells Olive Garden to Google 'How to Cook Pasta'

Starboard Value published a snarky, almost 300-page presentation telling Darden Restaurants how to mend the struggling Olive Garden brand.
Kate Taylor
Darden CEO Steps Down Amid Investor Battle
Darden

Darden CEO Steps Down Amid Investor Battle

Clarence Otis announced his departure from the parent company of Olive Garden on the same day the company completed the sale of Red Lobster.
Kate Taylor
Red Lobster Completes Sale, Revamps Food Presentation
Red Lobster

Red Lobster Completes Sale, Revamps Food Presentation

Now that Golden Gate Capital has acquired Red Lobster from Darden Restaurants, the seafood chain is trying to emphasize its quality.
Kate Taylor
Done Deal: Red Lobster Restaurant Chain Sold for $2.1 Billion
Red Lobster

Done Deal: Red Lobster Restaurant Chain Sold for $2.1 Billion

Golden Gate Capital, a private equity firm with experience in the restaurant industry, picks up the casual dining seafood chain from Darden Restaurants, Inc.
Laura Entis
Olive Garden Undergoes 'Brand Renaissance' as Investors' Criticism Intensifies
Olive Garden

Olive Garden Undergoes 'Brand Renaissance' as Investors' Criticism Intensifies

Yesterday, Olive Garden revealed a new logo and revamped restaurants. However, investors still want the chain to be cut off.
Kate Taylor
Desperate Measures: Olive Garden Revamps Menu as Investors Get Pushy
Restaurant Center

Desperate Measures: Olive Garden Revamps Menu as Investors Get Pushy

Olive Garden added 20 new items to its menu, as investors call for its parent company to shed the struggling chain.
Kate Taylor
Everything Seems to Be Getting Worse for Company Behind Red Lobster, Olive Garden
Franchises

Everything Seems to Be Getting Worse for Company Behind Red Lobster, Olive Garden

Darden Restaurants continues to struggle, cutting employees and dealing with investors who are challenging the company's decisions.
Kate Taylor
Chuck E. Cheese's Snags a Buyer
Franchises

Chuck E. Cheese's Snags a Buyer

Apollo Global Management will buy Chuck E. Cheese's parent company for $54 per share.
Kate Taylor
Struggling Red Lobster to Split From Parent Company
Franchises

Struggling Red Lobster to Split From Parent Company

As Red Lobster struggles, Darden is looking to sell or spin off the seafood restaurant to focus on more profitable up-and-coming chains.
Kate Taylor