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Red Lobster

Financing

Red Lobster's owner wants out of the business

 By Jonathan Maze on Jan. 16, 2024

Thai Union, which led an investment group that acquired the casual dining seafood chain in 2020, said that it plans to exit the business.

Operations

Red Lobster goes overboard with endless shrimp deal

 By Joe Guszkowski on Nov. 09, 2023

Owner Thai Union Group said the all-you-can eat shrimp was priced too low, resulting in better traffic but significant losses.

Leadership

Red Lobster promotes General Counsel Horace Dawson to CEO

By Joe Guszkowski on Sep. 22, 2023

The struggling chain has not had a permanent CEO since last April. Dawson has led its legal department since 2014.

Operations

What can Bloomin' Brands expect from disgruntled shareholder Starboard Value?

By Peter Romeo on Aug. 22, 2023

Restaurant Rewind: There could be a preview in the pressure Starboard put on Bloomin' arch-rival Darden Restaurants nine years ago.

Marketing

Red Lobster to give away free lobster at Times Square location

By Joe Guszkowski on Mar. 15, 2023

The struggling chain will serve all-you-can eat lobster on March 28 as it ramps up its promotional activity.

Marketing

How Steak and Ale and Red Lobster invented casual dining

By Restaurant Business Staff on Jan. 31, 2023

Restaurant Rewind: The graybeards are planning comebacks. Here’s how they changed the game 60 years ago.

Financing

Red Lobster, private equity, and the problem of asset sales

By Jonathan Maze on Jan. 31, 2023

The Bottom Line: Eight years after Darden sold the seafood chain, it is closing locations, talking about a “turnaround” and seeking rent concessions.

Financing

Red Lobster closes multiple locations as owner plots turnaround

By Joe Guszkowski on Jan. 23, 2023

The chain said the eight stores were “no longer viable” and were closed as part of a regular review.

Leadership

Red Lobster CEO Kelli Valade is resigning

By Joe Guszkowski on Apr. 04, 2022

She is leaving the seafood chain after less than a year and gave no reason for her departure.

Leadership

Red Lobster hires Cijoy Olickal as CIO

By Joe Guszkowski on Mar. 28, 2022

The former Fogo de Chao CIO is the latest executive hire under new CEO Kelli Valade.

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