- Golden Gate Capital became Red Lobster’s parent company when it was acquired from Darden Restaurants on July 28, 2014.
- Seafood supplier Thai Union acquired a 25 percent stake in the company in 2016 for a reported $575 million, and in 2020 purchased the remaining portion from GGC.
Despite, Is Red Lobster changing their name?
Red Lobster reverts to lobster roots in rebrand.
Following this, Did Red Lobster change ownership?
Golden Gate Capital to sell Red Lobster Seafood Co. to group led by Thai Union. 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.
Did Golden Gate Capital sell Red Lobster? Golden Gate Capital sold its remaining equity stake in Red Lobster to existing investor Thai Union Group, a group of investors under the banner Seafood Alliance consisting of global restaurateurs and hospitality executives, and Red Lobster management, according to a press release.
Still, Did Darden sell Red Lobster? Darden Completes Sale Of Red Lobster To Golden Gate Capital.
What brands does Darden own?
Darden’s 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.
Who owns Darden group?
John Martin is President of Darden Restaurants’ Specialty Restaurant Group, which includes two fine dining brands – The Capital Grille and Eddie V’s – as well as Seasons 52, Bahama Breeze and Yard House.
Can you use Olive Garden cards at Red Lobster?
According to the corporate website Darden gift cards may be redeemed at any Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House, Red Lobster or any other Darden restaurant in the U.S.
Can I use an Olive Garden gift card at other Darden restaurants?
What restaurants accept Darden gift cards? Darden gift cards may be redeemed at any Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V’s in the United States.
Who currently owns Red Lobster?
Red Lobster
| Type | Private |
|---|---|
| Revenue | US$2.6 billion (2018) |
| Number of employees | 55,000 |
| Parent | Darden Restaurants (1995–2014) Golden Gate Capital (2014–2020) Thai Union Group (2020-present) |
| Website | RedLobster.com |
Can you use a Olive Garden gift card at LongHorn?
Darden Restaurants gift cards can be redeemed at any Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, or Yard House in the U.S. Redemption: In-Restaurant and Online To Go.
Do Red Lobster gift cards expire?
Red Lobster Gift Cardholder Support Red Lobster gift cards, both egift cards and plastic gift cards, may be redeemed at any participating Red Lobster location in the U.S. Red Lobster gift cards are not redeemable internationally. These gift cards do not expire nor do they carry any non-use or inactivity fees.
Is Outback Darden?
Darden Restaurants (DRI 2.17%) competes for the same customers who dine at several other nationwide casual-dining restaurant companies that include Bloomin’ Brands (BLMN 3.29%) and Brinker International (EAT 5.82%), which are known for their Outback Steakhouse and Chili’s Grill & Bar concepts, respectively.
When did Red Lobster leave Darden?
On May 16, 2014, Darden announced it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. Darden announced the completion of the sale of Red Lobster on July 28, 2014.
Can you still use Red Lobster gift cards at Olive Garden?
7 answers. According to the corporate website Darden gift cards may be redeemed at any Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House, Red Lobster or any other Darden restaurant in the U.S.
Where can a Darden gift card be used?
Darden gift cards may be redeemed at any Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V’s in the United States.
Does Red Lobster gift cards expire?
Red Lobster Gift Cardholder Support Red Lobster gift cards, both egift cards and plastic gift cards, may be redeemed at any participating Red Lobster location in the U.S. Red Lobster gift cards are not redeemable internationally. These gift cards do not expire nor do they carry any non-use or inactivity fees.
Can Olive Garden gift cards be used at LongHorn?
Darden Restaurants gift cards can be redeemed at any Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, or Yard House in the U.S. Redemption: In-Restaurant and Online To Go.
Can I use my Olive Garden gift card at LongHorn?
Darden Restaurants gift cards can be redeemed at any Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, or Yard House in the U.S. Redemption: In-Restaurant and Online To Go.
What do you wear to work at Red Lobster?
Black pants with a short sleeve fish shirt provided by Red Lobster. Slip resistant shoes and white apron. Servers are required to wear a long sleeved oxford shirt, black pants, black slip resistant shoes, black socks, apron that is provided on first day, name tag.
Can you check the balance of a Red Lobster gift card?
Here’s how to check your Red Lobster gift card balance over the phone: Call the Red Lobster customer support at 877-720-6601. Ask the customer support agent to check your balance.
Can you return Red Lobster gift cards?
Red Lobster Gift Cards are redeemable at all Red Lobster locations in the United States. No returns and no refunds on gift cards.
How much did Darden sell Red Lobster for?
Darden Restaurants on Friday said it agreed to sell its struggling Red Lobster restaurant chain to Golden Gate Capital for $2.1 billion. The company said it expects net cash proceeds of about $1.6 billion, of which about $1 billion would be used to retire debt.
Can Olive Garden gift cards be used at other restaurants?
What restaurants accept Darden gift cards? Darden gift cards may be redeemed at any Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V’s in the United States.
Does Thai Union Own Red Lobster?
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.
