Seafood supplier gets out of the lobster trap
(September 7, 2010-Miami Herald)—Lobsters nearly bankrupted Netuno USA, which explains the seafood importer's new fascination with cheap squid. When the...
Darden to sell Red Lobster for $2.1 billion
The seller, Darden Restaurants, said it chose Golden Gate Capital in part because the deal would be all-cash. The purchase price is nine times Red Lobster’s EBITDA for the past year.
Following the money could have triggered a whiplash epidemic this week. Darden didn’t make enough of it, fueling speculation of management changes, while disgruntled restaurant buyers said they want a professional snoop to determine exactly where theirs went. A hefty round of fines underscores who was really behind last month’s fast-food wage protests, and employees in Michigan are learning what it’s like to have skin in the game.