Red Lobster new owner

2024 - 7 - 23

Red Lobster’s Lemony Fresh Start: Meet the New Seafood Saviours!

Chapter 11 bankruptcy - cheddar bay biscuits - Fortress Investment Group - Lakeland Florida - Red Lobster - RL Purchaser LLC - seafood restaurant chain - Ultimate Endless Shrimp promotion

🍋🦞 Red Lobster is getting a new chef in the kitchen—Fortress Investment Group! What does this mean for your favorite Cheddar Bay Biscuits? Get the juicy details!

In the ever-bustling world of seafood chains, change is in the air for Red Lobster. The fan-favorite, headquartered in downtown Orlando, Florida, has filed paperwork in federal bankruptcy court revealing RL Purchaser LLC as its new stalker—er, I mean, stalking horse bidder. Consisting of the chain's current lenders, RL Purchaser LLC is offering a juicy $376 million to take over the iconic seafood haven.

Despite swimming through rough waters and a bankruptcy declaration, Red Lobster is poised to embrace this new beginning. Fortress Investment Group, through RL Purchaser LLC, is leading the charge to acquire the world's largest seafood chain. Bankruptcy can be a whirlpool, but it looks like Red Lobster’s life raft has arrived.

Interestingly, this acquisition might just be what the doctor ordered for Red Lobster. The deal with Fortress comes after a lack of better offers, so it's not like they had a sea of options. But hey, a rescue is a rescue, right? This new ownership can steer the chain back to calmer seas.

Now, let's dive into some fun trivia about Red Lobster! Did you know that the first Red Lobster restaurant was opened in Lakeland, Florida, in 1968? Since then, it has expanded into the largest seafood chain in the world, with over 700 locations! Plus, their Cheddar Bay Biscuits are so popular they have their own cult following. Next time you indulge, remember those flaky delights have a history as rich as their flavor!

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Image courtesy of "USA TODAY"

New owner nears purchase of Red Lobster after chain announced ... (USA TODAY)

Red Lobster has filed paperwork in a Florida federal court revealing that restaurant chain's new owner is RL Purchaser LLC, a stalking horse bidder consisting ...

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Image courtesy of "WFTV Orlando"

See Red Lobster's new owner (WFTV Orlando)

The seafood restaurant chain -- which is headquartered in downtown Orlando -- filed paperwork Monday in federal bankruptcy court, designating RL Purchaser LLC ...

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Image courtesy of "Quartz"

Red Lobster finally has a new owner (Quartz)

The world's largest seafood chain is likely going to be acquired by Fortress Investment Group. Despite Red Lobster being bankrupt and looking for better offers, ...

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Image courtesy of "WPLG Local 10"

Red Lobster has a new owner (WPLG Local 10)

According to court documents filed on Monday, RL Purchaser LLC, made up of the seafood chain's current lenders, proposed a $376 million bid. Recommended Videos ...

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Image courtesy of "WFAA.com"

Red Lobster bankruptcy could soon put it under new ownership (WFAA.com)

The Florida-based seafood chain's new owner will be RL Purchaser LLC, a stalking horse bidder made up of Red Lobster's lenders, which proposed a $376 ...

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Image courtesy of "Nation's Restaurant News"

Red Lobster to be purchased by an affiliate of SPB owner Fortress ... (Nation's Restaurant News)

Red Lobster will almost certainly be bought out of bankruptcy by its creditors, led by Fortress Credit Corp., according to a document filed with a ...

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Image courtesy of "Undercurrent News"

Red Lobster ready to embrace Fortress as new owner due to lack of ... (Undercurrent News)

Red Lobster has declared that it will accept the stalking horse bid made by Fortress in mid-June because no better offers have been receivedRed Lobster.

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Image courtesy of "Daily Mail"

New owners for Red Lobster revealed - as it emerges the debt ... (Daily Mail)

Bankrupt Red Lobster announced its new owners Monday, while also letting it slip that it may owe its parent company an eye-watering amount for millions of ...

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Image courtesy of "WKMG News 6 & ClickOrlando"

REPORT: Red Lobster to get new owner after bankruptcy woes (WKMG News 6 & ClickOrlando)

Over two months after Red Lobster filed for bankruptcy, the seafood restaurant chain could soon have a new owner.

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Image courtesy of "YourErie"

Meet Red Lobster's New Owner (YourErie)

(WJET/WFXP) — Two months after Red Lobster had filed for Chapter 11 bankruptcy, they now have a new owner. Contrary to the largely spread idea that the ...

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Image courtesy of "Sarasota Herald-Tribune"

Red Lobster may soon have a new owner. Which restaurants are ... (Sarasota Herald-Tribune)

According to Florida court documents, Lakeland-based chain Red Lobsters could have RL Purchaser LLC as its new owner. Here's what to know.

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Image courtesy of "Your Houston News"

Red Lobster may have a new owner after bankruptcy filing (Your Houston News)

This comes after Red Lobster Management filed the "designation of successful bidder" papers with the U.S. Bankruptcy Court for the Middle District of Florida ...

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Image courtesy of "CNN"

Red Lobster may soon have a new owner (CNN)

Red Lobster said this week in a court filing that it will accept an existing sale offer from Fortress Credit Corp., a lender experienced in restaurant ...

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Image courtesy of "KGET 17"

Meet Red Lobster's New Owner (KGET 17)

Contrary to the largely spread idea that the decline of the company was a direct result of the “Ultimate Endless Shrimp promotion” deal, in reality, that deal ...

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Image courtesy of "CNNMoney"

Red Lobster may soon have a new owner (CNNMoney)

Fortress is an investment fund and owns restaurant chains such as Krystal, Logan's Roadhouse and J. Alexander's through a hospitality arm of the fund. Red ...

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Image courtesy of "Delish.com"

Can Red Lobster Make A Comeback? A New Owner Is Buying The ... (Delish.com)

Just two months after filing for bankruptcy, a stalking horse bidder has purchased the company, according to court documents filed in Florida on Monday.

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