Red Lobster is a U.S. chain of seafood restaurants. It also operates in Canada and Japan. It is aimed at the mid-level "casual dining" segment of the market. The menu includes a variety of specialty seafood and non-seafood entrees, appetizers, salads, and desserts.
Red Lobster was founded in 1968 by entrepreneurs Bill Darden & Charley Woodsby. Originally billed as a "Harbor for Seafood Lovers", the original restaurant in Lakeland, Florida was followed by several others throughout the Southeast. General Mills acquired Red Lobster in 1970 as a five-unit restaurant company. The chain expanded rapidly in the 1980s.
In 1995, Red Lobster (along with Olive Garden and other sister chains) became part of Darden Restaurants, which was spun off from General Mills as an independent, publicly traded corporation. Today, there are over 680 Red Lobster locations throughout the United States and Canada, as well as a small number of locations in Japan.
May 17, 2014 - US restaurant group Darden Restaurants announced it has agreed to sell its seafood chain Red Lobster to the San Francisco-based private equity Golden Gate Capital for USD 2 .1 billion in cash.
Monday, January 23, 2017, 23:50 (GMT + 9) Major seafood company, Thai Union Group Public Company Limited (TU), reported that it has successfully completed the primary placement mechanism known as 'book building' for THB 12 billion (USD 337.5 million) in new debentures to secure long-term financing for its investment in Red Lobster Seafood Co.