RL Investor Holdings LLC doing business as Red Lobster, (formerly Red Lobster Hospitality, LLC)[5] is an American casual dining restaurant chain headquartered in Orlando, Florida. The company has operations across most of the United States (including Puerto Rico), and Canada, as well as in Ecuador, Japan, Mexico, and Thailand.[6][7] Golden Gate Capital was Red Lobster's parent company after it was acquired from Darden Restaurants on July 28, 2014.[8] Seafood supplier Thai Union acquired a 25% stake in the company in 2016 for a reported $575 million and in 2020 purchased the remaining portion from GGC.[9] In May 2024, Red Lobster closed at least 99 of its restaurants[11] and then filed for Chapter 11 bankruptcy protection after securing over $100 million in financing commitments from its lenders. The company has also entered a stalking horse agreement to sell itself and have its lenders manage it.
History
Formation and growth
The first Red Lobster restaurant was opened on January 18, 1968, in Lakeland, Florida, by entrepreneurs Bill Darden and Charley Woodsby.[12][13] The oft-quoted date of March 27, 1968, is based on the incorporation date of Red Lobster Inns of America, Inc. (now GMRI, Inc.) in the Florida Secretary of State's Office.[14]
Originally billed as the "Harbor for Seafood Lovers", the first restaurant was followed by four others throughout the American South.[15] In 1970, General Mills acquired Red Lobster as a five-unit company and with new backing, the chain expanded rapidly in the 1980s.[16]
Promotions
In 2003, Red Lobster offered an endless snow crab leg promotion, the second in its history. The promotion resulted in its parent company, Darden Restaurants, taking a $3 million charge to third-quarter earnings, resulting in president Edna Morris's 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 time customers spent table-side in the restaurant cracking crab legs. This resulted in increased waiting times in the lobby and overall diminished customer capacity per hour.[50]
Red Lobster introduced a new Daily Deals menu in 2020, featuring Endless Shrimp Mondays and more deals.[51]
In June 2023, Red Lobster reintroduced Ultimate Endless Shrimp, normally run as a limited-time promotion during autumn, as a permanent addition to their menu.[52] For $20, guests could order two shrimp dishes to start, and keep ordering until they were full.[53]
Menu
The brand specializes in seafood, including crab, fish, lobster, mollusks, and shrimp. It also serves chicken, desserts, pasta, and steak.[58]
In June 2025, Red Lobster introduced bagged seafood boils, including the Mariner's Boil and Sailor's Boil, as part of its Crabfest promotion. The seafood boils have since become permanent menu items.[59][60]
Lobster bisque controversy
In February 2016, Inside Edition reported that Red Lobster used a mix of less expensive langostino along with Maine lobster in its lobster bisque recipe.[61]
Locations
As of February 13, 2025, the company had 514 locations worldwide. These locations span 44 US states, Canada, Ecuador, Japan, Mexico, and Thailand.[7][6]
In popular culture
In 2007, writer Stewart O'Nan published the novella Last Night at the Lobster about the closing of a Red Lobster restaurant in Connecticut.[65]
In February 2016, 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.[66]
See also
Further reading
External links
References
- Red Lobster Forbes, retrieved January 26, 2025^
- Red Lobster Competitors, Revenue and Employees Owler Company^
- Darden 2011 Annual Report Darden Restaurants, Inc., retrieved April 12, 2012^