RL Investor Holdings LLC to acquire Red Lobster restaurant chain under Chapter 11 plan
Acquiring Company
RL Investor Holdings
Acquired Company
Red Lobster®
BuffaloOrlandoFood And BeverageE CommerceRestaurantsDescription
Red Lobster Management LLC, owner of the Red Lobster® restaurant chain, has received court approval of its Chapter 11 plan, paving the way for RL Investor Holdings LLC, backed by Fortress Investment Group, to acquire the iconic restaurant chain. The acquisition, anticipated to close before the end of September, will bring comprehensive and long-term investment to reinvigorate the brand while preserving its history.
Quick answer
RL Investor Holdings is acquiring Red Lobster®, announced September 5, 2024. RL Investor Holdings is based in Buffalo, New York, United States.
- How much did RL Investor Holdings pay for Red Lobster®?
- The deal value was not disclosed.
- What does RL Investor Holdings do?
- RL Investor Holdings LLC is a new entity created by funds managed by affiliates of Fortress Investment Group LLC, seeking bankruptcy court approval to acquire the Red Lobster® restaurant chain from Red Lobster..
- Where are RL Investor Holdings and Red Lobster® based?
- RL Investor Holdings is based in Buffalo, New York, United States. Red Lobster® is based in Orlando, Florida, United States.
Source: Fundz verified event record.
Other recent acquisitions in Food And Beverage and E Commerce
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- RL Investor Holdings LLC completes acquisition of Red Lobster to support its restructuring (September 16, 2024)
- Fortress Investment Group appoints Damola Adamolekun as CEO of Red Lobster following acquisition (September 3, 2024)
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- Evestar completes acquisition of Paspartoo, doubling in size to enhance comprehensive eCommerce service offerings (September 17, 2024)
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Frequently asked
Who acquired Red Lobster®?
Red Lobster® was acquired by RL Investor Holdings, based in Buffalo. The deal was reported on September 5, 2024. RL Investor Holdings is privately held.
When did RL Investor Holdings acquire Red Lobster®?
RL Investor Holdings's acquisition of Red Lobster® was reported on September 5, 2024. Red Lobster Management LLC, owner of the Red Lobster® restaurant chain, has received court approval of its Chapter 11 plan, paving the way for RL Investor Holdings LLC, backed by Fortress Investment Group, to acquire the iconic restaurant chain. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Red Lobster® do?
Red Lobster Management LLC is the owner and operator of the Red Lobster® restaurant chain, with 544 locations across 44 U.S. states and four Canadian Provinces. It is privately held, operating in Food And Beverage, and is based in Orlando.
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