ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
Orlando-based Red Lobster Hospitality LLC — once a Darden restaurant and founded in Lakeland in 1968 by Bill Darden — is in financial trouble.
▶ WATCH CHANNEL 9 EYEWITNESS NEWS
The company has made headlines for months:
- in June, when it turned Ultimate Endless Shrimp from a limited-time offer into a permanent fixture on its menu
- in November, when the company revealed it lost $11 million on the menu item
- in January, when Thai Union Group, its largest shareholder, announced it would divest itself of all shares in the chain
- and in March, when Red Lobster brought in a new CEO
Photos: At least 4 killed, 100 injured after tornadoes hit Oklahoma
Click here to read the full story on the Orlando Business Journal’s website.
Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
This browser does not support the video element.