Published on: Wednesday, July 24, 2024

Red Lobster's New Chapter: Meet the Mysterious New Owner

In a surprising turn of events, Red Lobster, the beloved seafood chain, is on the verge of changing hands. According to recent Florida court documents, RL Purchaser LLC is set to take over as the new owner of the Lakeland-based chain.

From Bankruptcy to New Beginnings

Just two months ago, Red Lobster filed for Chapter 11 bankruptcy, leaving many wondering about its future. However, the tide has turned, and the company now has a new owner, putting an end to the widely-held notion that it would be shutting its doors.

A New Era for Red Lobster Franchise Owners

The change in ownership raises questions about the impact on Red Lobster franchise owners, who can breathe a sigh of relief. With the new owner at the helm, they can look forward to a more stable future and potentially increased profitability. The average salary of a Red Lobster franchise owner is expected to remain competitive, with the net worth of the company set to rise under new leadership.

The new CEO of Red Lobster, whose net worth is still undisclosed, will have the crucial task of steering the company towards growth and success. With the brand's rich history and loyal customer base, the possibilities are endless.

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Red Lobster may soon have a new owner. Which restaurants are ...

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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Red Lobster could have a new owner. See all closed Florida locations

Red Lobster, a Florida-based seafood chain, filed for Chapter 11 bankruptcy in May 2024 and could be acquired by RL Purchaser LLC, a Fortress Credit Corp. entity, for $376 million. The company closed 17 locations in Florida and has reduced its number of restaurants across the country.

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