Red Lobster Hospitality LLC is an American casual dining restaurant chain headquartered in Orlando, Florida. The company has operations in Canada, Malaysia, Saudi Arabia, the United Arab Emirates, Qatar, Mexico, and Japan, in addition to the United States. As of February 24, 2013, the company had 705 locations worldwide. Golden Gate Capital has been Red Lobster's parent company since it was acquired from Darden Restaurants on July 28, 2014.
On August 6, 2014, Red Lobster announced their new headquarters location in CNL Center City Commons in Orlando. On March 6, 2015, Red Lobster officially opened the Restaurant Support Center.
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History
Formation and growth
Red Lobster was founded in March 22, 1968, by entrepreneurs Bill Darden and Charley Woodsby. Originally billed as a "Harbor for Seafood Lovers", the first restaurant in Lakeland, Florida, was followed by several others throughout the southeast. In 1970, General Mills acquired Red Lobster as a five-unit company. With new backing, the chain expanded rapidly in the 1980s.
Red Lobster entered Canada in the 1980s, in many cases by buying Ponderosa restaurant locations. The company 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. It exited the Quebec market in September 1997 due to financial losses, and never attempted to enter the market in British Columbia.
On March 29, 1994, Bill Darden died after an extended illness at the age of 75.
In 1995, Red Lobster (along with Olive Garden and other sister chains), became part of Darden Restaurants, Inc. During that time, General Mills decided to release Darden into an independent, publicly traded corporation.
New prototype and sale
In 2009, Red Lobster debuted its new "Bar Harbor" restaurant prototype modeled after coastal New England. The new exterior features include shingle and stone towers, signal flags, and Adirondack-style benches. The interior updates include dark wood paneling, warm-toned fabrics, soft lighting, and nautical decor and artwork.
On December 19, 2013, Darden Restaurants announced plans to sell or spin-off the Red Lobster brand, citing pressure from stock investors. This was in direct response to Darden going overbudget on a new digital platform. On May 12, 2014, Darden announced that as part of the spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. 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. Darden announced the completion of the sale of Red Lobster on July 28, 2014.
On August 6, 2014, Red Lobster announced their new headquarters location in CNL Center City Commons in Orlando. On March 6, 2015, Red Lobster officially opened the Restaurant Support Center.
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Promotions
Red Lobster has offered an endless snow crab leg promotion twice in its history. However, in 2003, the promotion resulted in parent company Darden Restaurants taking a $3 million charge to third-quarter earnings, resulting in president Edna Morris' departure from the company. The ill-timed promotion was launched amid high wholesale crab leg prices. The chain also underestimated how many times a customer would order more. Further complicating matters at the restaurant level was the amount of time a customer spent table-side in the restaurant cracking crab legs. This resulted in increased wait times in the lobby and overall diminished customer capacity per hour.
In February 2016, American singer Beyoncé referenced Red Lobster in her single Formation". After unexpectedly releasing the single and performing it during the Super Bowl 50 halftime show, Red Lobster reported a 33% sales increase due to the reference.
Menu
The brand specializes in seafood, including lobster, shrimp, fish, crab, and mollusks. It also serves chicken, steak, and pasta.
Lobster bisque controversy
In February 2016, Red Lobster was exposed for using less expensive langostino, along with Maine lobster, in their lobster bisque recipe.
Locations
As of February 24, 2013, the company had 705 locations worldwide. As of 2016, it had locations in the United States, Kuwait, Mexico, Saudi Arabia, Canada, Japan, United Arab Emirates, Qatar, Brazil, Malaysia, and Ecuador.
See also
- List of seafood restaurants
- List of casual dining restaurant chains
- Food portal
References
External links
- Official website
- Red Lobster's Canadian website
- Red Lobster's Malaysian website
- Red Lobster's Japanese website
- Darden Restaurants, Inc. website
Source of article : Wikipedia
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