Tags » Golden Gate Capital

Red Lobster sales jumped 30% thanks to a Beyoncé lyric about eating there after sex

Beyoncé’s Midas touch sent Red Lobster’s sales skyrocketing on Super Bowl Sunday this year after she name-dropped the American seafood chain in a surprise single… 188 more words

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


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. 171 more words


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


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


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


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