The new owners are seafood supplier Thai Union PCL, which has been a Red Lobster shareholder since 2016 and trades on the Stock Exchange of Thailand under the TUI ticker, current Red Lobster management and a new company called Seafood Alliance with key shareholders Paul Kenny and Rit Thirakomen. Thirakomen is the Chairman, CEO and controlling shareholder of the Bangkok, Thailand-based MK Restaurant Group, which trades on the Thai Stock Exchange under the ticker M. It has more than 700 restaurants in five countries including MK, Yayoi, Miyasaki and Hakata, specializing in hot pots and Japanese food, as well as Thai food concept Na Siam and quick-service concepts Le Petit and Bizzy Box. Red Lobster Management LLC offers delicious, freshly prepared seafood, including fresh fish, live Maine lobster, jumbo shrimp and steamed crab legs. The Darden family of restaurants features some of the most recognizable and successful brands in full-service dining: Olive Garden ®, LongHorn Steakhouse ®, Cheddar's Scratch Kitchen ®, Yard House ®, The Capital Grille ®, Seasons 52 ®, Bahama Breeze ® and Eddie V's ®.Our people equal our success, and we are proud to employ more than 175,000 team members in more than 1,800 restaurants. This is useful in estimating the financial strength and credit risk of the company. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano’s Macaroni Grill from 2008 to 2013. Red Lobster Hospitality LLC was founded in 2014. Thai Union president and CEO Thiraphong Chansiri indicated that current management would stay in place. Related: Seafood trend picks up steam during COVID-19 pandemic. Red Lobster’s parent company had tried multiple strategies to boost sales and customer traffic. The company, … As of April 2017, the firm owns two fine dining restaurant chains: Eddie V's Prime Seafood and The Capital Grille; and six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar's Scratch Kitchen. Guggenheim is serving as financial advisor and Kirkland & Ellis LLP and Nob Hill Law Group, P.C. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. What are some samples of opening remarks for a Christmas party? When did organ music become associated with baseball? Red Lobster stakeholder Thai Union and a group of investors have acquired the rest of the Orlando-based restaurant chain from the private equity firm that bought it in 2014. Our organization will also benefit from the tremendous international restaurant and hospitality expertise brought by Seafood Alliance. Golden Gate Capital acquires Red Lobster and we begin charting a new course as an independent company. Red Lobster, the world’s largest seafood restaurant chain, is plotting a new course with a new captain at the helm. Discover Red Lobster seafood restaurants, find locations, browse our menus and more. Today the only other restaurantchain Golden Gate owns besides Red Lobster is California Pizza Kitchen , but their portfolio includes lots of non-restaurant companies, including Eddie Bauer, Payless, and J. Jill. The private-equity group that bought Red Lobster last year and quickly sold its real estate is now buying some of that real estate back. “We have enjoyed a highly successful partnership with Red Lobster and are proud to have worked collaboratively alongside Kim Lopdrup and the management team since 2014, achieving strong returns for our investors,” he said. The Registered Agent on file for this company is The Corporation Trust Company and is located at Corporation Trust … But lobster isn’t so special any more. This story has been corrected with clarification of the ownership of Seafood Alliance. ClawdeL, Manager at Red Lobster, responded to this review Responded April 4, 2019 Thank you for visiting our restaurant and for sending us your feedback. Web page addresses and e-mail addresses turn into links automatically. Kenny is the former CEO of Minor Food Group, which operates more than 2,000 casual-dining and quick-service restaurants in 27 countries under the names The Pizza Company, The Coffee Club, Riverside, Thai Express, Benihana, Bonchon, Swensen's, Sizzler, Dairy Queen and Burger King. sign me up. Darden Restaurants agreed to sell its Red Lobster seafood chain to private equity firm Golden Gate Capital for $2.1 billion in cash. “As an anchor investor in Red Lobster since 2016, we are excited to confirm our commitment to the business, which reflects our utmost confidence in management and the company's strategy of serving top quality seafood for a great value,” he said in the release. Number 8860726. Thai Union first became financially involved with Red Lobster in 2016, when it bought $575 million shares in the company. “With a strong liquidity position, we know the business is in great hands and look forward to cheering the team on under new ownership.”. /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply. Starboard, which owns 5.5% of Darden, said the sale to Golden Gate "woefully undervalues Red Lobster and its real estate assets." A group of minority shareholders and current management of Red Lobster Seafood Co. is acquiring the casual-dining chain from Golden Gate Capital, the new controlling consortium said Monday. Darden … Related: Red Lobster CEO: 'This is a people business'. Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando. What does contingent mean in real estate? How many candles are on a Hanukkah menorah? are serving as legal advisors to Golden Gate Capital, which is selling its equity stake in the company. Darden Restaurants says it will sell its Red Lobster chain to investment firm Golden Gate Capital in a $2.1 billion cash deal. All Rights Reserved. Compare how recession-proof Red Lobster Management is relative to the industry overall. “For a lot of guests (Red Lobster) is a special-occasion experience,” Eugene Lee, Darden’s chief operating officer, said on the call. Red Lobster was suddenly looking at how they could win customers back rather than keep them, and that says a lot about not just what families are looking for in terms of 21st century dining, but about what they can afford. If you sign up for our free trial you will see our email@redlobster.com addresses. Our Story Seafood with Standards; Our Heritage; RL in the community; Our Story. When I contacted Red Lobster corp. to question serving "not good" food to customers, NO acknowledgment to any of the three attempts. NEW YORK — Darden Restaurants says it will sell its Red Lobster chain to investment firm Golden Gate Capital in a $2.1 billion cash deal. Red Lobster: The restaurant chain was sold for $2.1 billion Friday. On May 15, 2014, Darden Restaurants entered in an agreement to sell its Red Lobster restaurants to private equity firm Golden Gate Capital for $2.11 billion. Tim Mullany named CFO, EVP of Jack in the Box Inc. 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. The Red Lobster is a major restaurant chain with restaurants in most cities in the United States. Click here or call (478) 275-9510 to learn about our menu, hours and directions. Yes there is a Red Lobster in New York City, New York There are nearly 750 Red Lobster locations worldwide. Red Lobster CEO Kim Lopdrup said in a press release announcing the acquisition, “We are thrilled to deepen our relationship with Thai Union, a long-term strategic supplier to Red Lobster and an investment partner for the last four years. Learn about Bill Darden, founder of the company that runs Red Lobster, Olive Garden, LongHorn Steakhouse, and other restaurant chains. Until July 28, 2014, Darden also owned Red Lobster. Registered in England and Wales. It also owns the biotech research firm Mark One Innovation Center, which specializes in functional food and beverages, and the logistics and warehouse business M. Senco. Golden Gate Capital, a San Francisco-based private equity firm that has owned Orlando-based Red Lobster since 2014, announced it sold its remaining stake in … We strive to give you the best experience and would like the opportunity to give you a 5 star experience next time. You can check their contact information on Lead411 under the Restaurants category. Everything we do is a celebration of seafood – from how we source our fish and shellfish to serving up new ways for you to enjoy it.

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