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One of Red Lobster's Owners Sells Stake in Seafood Restaurant Chain

Company's Investor Has Been Working to Refinance Its Loans and Land Rent Abatements
A Red Lobster restaurant in Orlando, Florida. (CoStar)
A Red Lobster restaurant in Orlando, Florida. (CoStar)
CoStar News
August 31, 2020 | 9:35 P.M.

One of Red Lobster's owners has sold its remaining stake in the seafood restaurant chain to a group that includes an existing investor, prominent restaurateurs and company management as the pandemic shifts consumer dining habits.

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