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.
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.
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.
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.
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.
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.