Chain Restaurants

Red Lobster Sold...................

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Chain Restaurants 34

Red Lobster Sold...................

jrvedivici | May 16, 2014 06:14 AM

Sold to Golden Gate Capital Group. Generally when an investment group buys a struggling chain like this they breath some fresh air and ideas into the stagnant brand. I would say if there was anything that could "save" Red Lobster this might be it. Look for massive restructuring, closings of under performing stores and renovation of existing locations with a "new and improved" menu with slightly higher prices, it's the investment capital way!!!

http://www.usatoday.com/story/money/b...

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