Tags » Golden Gate Capital

Does Eddie Bauer’s path to growth lead through urban areas?

Eddie Bauer’s outwear is meant for active enthusiasts to pursue the great, open outdoors. But the company’s future growth may rest on the shoulders of urban dwellers. 598 more words

Features

Red Lobster Moving To Downtown Orlando

ORLANDO (CBSMiami/AP) — The popular restaurant chain Red Lobster is going to be moving its corporate headquarters to downtown Orlando.

It had recently been sold off from its former parent company, Darden Restaurants Inc. 167 more words

News

Darden Restaurants CEO Otis to step down

Darden Restaurants, which owns Olive Garden and Longhorn Steakhouse, announced on Monday that CEO Clarence Otis is stepping down following a major restructuring of the company that included the $2.1 billion sale of the Red Lobster seafood chain. 142 more words

Retail

Why private equity investors can't save Red Lobster

Recently, the private equity industry’s lobbying arm, the Private Equity Growth Capital Council, released a report that ranks the top 20 states and congressional districts by the value and number of private equity investments they have. 798 more words

Finance

Cheddar biscuit lovers beware: Red Lobster is dying and here’s why…

Darden Restaurants will be selling Red Lobster to a private-equity firm for $2.1 billion, according to an announcement the company made on Friday.

As parent company to the Red Lobster restaurant chain, it was after years of sagging sales that led them to this decision. 384 more words

Community

Red Lobster Sold for $2.1 Billion

Darden Restaurants has sold Red Lobster for $2.1 billion to private-equity firm Golden Gate Capital.  The struggling restaurant chain has yet to recover from the recession and rising shrimp prices have curtailed profits.  76 more words

Economics

Darden to Sell Red Lobster for $2.1 Billion

Darden Restaurants Inc (DRI.N) said it would sell Red Lobster to private equity firm Golden Gate Capital for $2.1 billion in cash, defying activist investors who opposed plans to…….Read more!

Business