About
Red Lobster Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida. The company has operations across most of the United States, and Canada, as well as in Ecuador, Japan, Mexico, and Thailand. Golden Gate Capital was Red Lobster's parent company after 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. In May 2024, Red Lobster closed at least 99 of its restaurants and then filed for Chapter 11 bankruptcy protection after securing over $100 million in financing commitments from its lenders. The company has also entered a stalking horse agreement to sell itself and have its lenders manage it. Read more
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