How much money is Red Lobster worth?

Red Lobster being sold for $2.1 billion.

Who is the original owner of Red Lobster?

Bill Darden
Charley Woodsby
Red Lobster/Founders

How much did Darden sell Red Lobster for?

$2.1 billion
Darden Restaurants on Friday said it agreed to sell its struggling Red Lobster restaurant chain to Golden Gate Capital for $2.1 billion. The company said it expects net cash proceeds of about $1.6 billion, of which about $1 billion would be used to retire debt.

Who is the CEO of Darden?

Eugene I. Lee Jr. (Feb 23, 2015–)Darden Restaurants / CEO

Is Red Lobster no longer part of Darden?

Darden Completes Sale Of Red Lobster To Golden Gate Capital.

Who is William Darden?

William B. Darden was born in 1919, which meant that he was too young to enjoy the prosperity of the “Roaring Twenties,” but just the right age to be emotionally scarred by the economic ravages of the Great Depression. This hit his native South especially hard. Nevertheless, he found a way to get by in that era.

How many children did John Darden have?

Darden is survived by his wife, Mary, and three sons, William B., Jr., Thomas Jethrow, and Matthew Green.

Who is the founder of Darden Restaurants?

William (Bill) Darden opened his first restaurant, The Green Frog, in his hometown of Waycross, Georgia in 1938 at age 19. The restaurant, which grew quickly, formed the basis of the organization that later became known as Darden Restaurants. He later founded the Red Lobster Inns of America and opened the first Red Lobster restaurant in…

When did Darden buy Yard House?

In July 2012, Darden acquired the Yard House 39 location beer-centric chain for $585 million from TSG Consumer Partners. Yard House will be alongside the other upscale restaurants in Darden’s Specialty Restaurant Group.