Seafood supplier Thai Union acquired a 25 percent stake in the company in 2016 for a reported $575 million, and in 2020 purchased the remaining portion from GGC. On March 6, 2015, Red Lobster officially opened the Restaurant Support Center. On August 6, 2014, Red Lobster announced their new headquarters location in CNL Center City Commons in Orlando. Darden announced the completion of the sale of Red Lobster on July 28, 2014. On May 16, 2014, Darden announced it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. On May 12, 2014, Darden announced that as part of its spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. This was in direct response to Darden's going over budget on a new digital platform. On December 19, 2013, Darden Restaurants announced plans to sell or spin off the Red Lobster brand, citing pressure from stock investors. The interior updates include dark wood paneling, warm-toned fabrics, soft lighting, and nautical decor and artwork. The new exterior features include shingle and stone towers, signal flags, and Adirondack-style benches. In 2009, Red Lobster debuted its new Bar Harbor restaurant prototype modeled after coastal New England architecture. 2009 prototype and sale The "Bar Harbor" prototype design as seen at the Baton Rouge, Louisiana location During that time, General Mills decided to release Darden into an independent, publicly traded corporation. In 1995, Red Lobster (along with Olive Garden and other sister chains), became part of Darden Restaurants, Inc. On March 29, 1994, Bill Darden died, after an extended illness, at the age of 75. In 1992, Red Lobster introduced its now famous Cheddar Bay Biscuits, developed by culinary leader Kurt Hankins. It exited the Quebec market in September 1997, due to financial losses, and never attempted to enter British Columbia Currently, Red Lobster generally maintains between 25 and 30 locations in Canada, the bulk in larger urban centres in Ontario (across southern Ontario plus one in Sudbury, in northern Ontario) with a smaller number in larger urban centres in all three Prairie provinces. Red Lobster entered Canada in the 1980s, in many cases by buying Ponderosa restaurant locations. In 1970, General Mills acquired Red Lobster as a five-unit company and with new backing, the chain expanded rapidly in the 1980s. Originally billed as the "Harbor for Seafood Lovers", the first restaurant was followed by four others throughout the American South. (now GMRI, Inc.) in the Florida Secretary of State's Office. The oft-quoted date of March 1968 is based on the Maincorporation of Red Lobster Inns of America, Inc. The first Red Lobster restaurant was opened on January 18, 1968, in Lakeland, Florida, by entrepreneurs Bill Darden and Charley Woodsby. On August 6, 2014, Red Lobster announced its new headquarters location in CNL Center City Commons in Orlando. Golden Gate Capital became Red Lobster's parent company when it was acquired from Darden Restaurants on July 28, 2014. The company has operations across most of the United States (including Puerto Rico, Guam) and Canada, as well as in China, Ecuador, Hong Kong, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates as of June 23, 2020, the company had 719 locations worldwide. Red Lobster Hospitality LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.
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