Red Lobster Sale Could Benefit Private Equity

Now watching

Next video starts in : 7 Play

Red Lobster Sale Could Benefit Private Equity

Red Lobster Sale Could Benefit Private Equity
Replay video
Up next

Community Season Six Trailer Premiere

Unlock your personal NFL Now stream by signing in to NFL.com

Red Lobster Sale Could Benefit Private Equity

by TheStreet.com Videos 1:37 mins

1,500 views

Red Lobster Sale Could Benefit Private Equity

by TheStreet.com Videos 1:37 mins

1,500 views

Darden Restaurants, the brand group that controls U.S. seafood chain Red Lobster, says it could either spin off the brand or sell it outright, possibly to a private equity firm. If Darden goes the private equity route it could close under-performing stores and boost prices to compete with upscale seafood brands like Bonefish Grill, but neither strategy is popular on public markets. Red Lobster competitor Captain D's underwent a similar transformation when it was bought by Sun Capital Partners in 2011 and under-performing stores were closed.

Videos For You

Must Watch

  1. 2:56

    Community Season Six Trailer Premiere

  2. 3:09

    Meghan Trainor - Tune in 3/4 for Meghan Trainor live in concert!

  3. 1:49

    Wu-Tang album to drop in 88 years?!

  4. 2:47

    The Color of The Dress According to Science

  5. 5:11

    Big Sean - Big Sean Recruits Kanye, Drake for 'Blessings'

Community

  1. 2:56

    Community Season Six Trailer Premiere

  2. 3:05

    Community 501 - Season 5: Super Seniors

  3. 2:30

    Community 401 - Season 4: Senior Year

  4. 3:05

    Community 301 - Season 3: Junior Year

  5. 2:56

    Community 201 - Season 2: Sophomore Year

  6. 3:02

    Community 101 - Season 1: Freshman Year