Red Lobster

Buying a Franchise

How Red Lobster’s New CEO Is Clawing the Chain Back After Bankruptcy

The chain is still slimming down as CEO Damola Adamolekun reviews leases and cuts costs, though sales are up 10% and viral seafood boils are driving traffic.

By Jonathan Small

Business News

‘Customers Haven’t Returned’: Kevin O’Leary Warns That More Restaurant Closures Are on the Way Due to ‘Inflation Virus’

By Emily Rella

Business News

Red Lobster Changed Its ‘Endless Shrimp’ Promotion After Losing $11 Million in One Quarter — Now It’s Hauling Out Another All-You-Can-Eat Deal

By Amanda Breen

Business News

Red Lobster CEO Resigns After Only 8 Months

By Emily Rella

Business News

Red Lobster Accused of False Advertising in Lawsuit: Report

The suit is calling for Red Lobster to change its sustainability claims and compensate consumers for damages.

By Euni Han

Business Branding

Lobster Went From Prison Food to Delicacy. Your Product Can, Too. (Infographic)

The 'cockroach of the sea' wasn't always so swanky. It was cleverly rebranded. Dig into the creature's remarkable tale to learn how you can boost perception of your product's value.

By Kim Lachance Shandrow

Buying a Franchise

Activist Investor Gains Control of Olive Garden Parent’s Board

Starboard Value has successfully replaced the entire board of Darden Restaurants, parent company of Olive Garden, following months of dispute.

By Kate Taylor

Buying a Franchise

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.

By Kate Taylor

Buying a Franchise

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.

By Kate Taylor

Buying a Franchise

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.

By Kate Taylor

Business Accounting

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.

By Laura Entis

Buying a Franchise

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.

By Kate Taylor

Buying a Franchise

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.

By Kate Taylor

Building a Business

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.

By Kate Taylor

Building a Business

Chuck E. Cheese’s Snags a Buyer

Apollo Global Management will buy Chuck E. Cheese's parent company for $54 per share.

By Kate Taylor

Building a Business

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.

By Kate Taylor