Red Lobster later became part of Darden Restaurants, the owner of Olive Garden and other chains. In 2014, Darden sold off Red Lobster to Golden Gate Capital, a private equity firm, for $2.1 billion.

NEW YORK — Roughly two dozen more Red Lobster locations are scheduled to close within the coming days as part of the seafood restaurant chain’s ongoing bankruptcy proceedings. A recent court ...

Red Lobster said Thursday that it expects to operate about 544 locations across the U.S. and Canada upon emerging from bankruptcy. That’s down from 578 disclosed as of May’s bankruptcy filing.

Red Lobster was founded in 1968 by Charley Woodsby and Bill Darden. It started in Lakeland, Fla. and now is headquarters in Orlando, Fla. Salli Setta is the current president.

Red Lobster is in trouble. Its solution: all-you-can-eat lobster, just months after an endless shrimp promotion led to deep losses that the company is still trying to dig out of.

- 1901 N. Prospect Ave., Champaign A Red Lobster restaurant is seen in Schaumburg, Ill., Monday, May 20, 2024. Red Lobster is seeking bankruptcy protection days after closing dozens of restaurants.