May 22, 2014 |
Golden Gate Capital , the San Francisco firm that has agreed to pay $2.1 billion for Darden Group's ailing Red Lobster restaurant chain, relies for most of its financing for the deal on property mogul Nicholas Schorsch , who has built a national real estate finance business since moving his base from Jenkintown to New York during the last recession. Schorsch's American Realty Capital Properties Inc. agreed last week to pay $1.5 billion for more than 500 Red Lobster restaurants, which it plans to lease back to Golden Gate to try to fix. Golden Gate, which also owns Payless ShoeSource, Eddie Bauer , and California Pizza Kitchens , is borrowing from Deutsche Bank and other lenders to raise the remaining $600 million for an attempted turnaround of Red Lobster's business and brand, which has suffered as shrimp prices have soared and newer eating places have grabbed customers.
February 29, 1996 |
If you're having trouble deciding between an Italian restaurant or one that features seafood, you'll soon be able to make your choice as late as when you pull into the parking lot. That's because two chain-owned eateries, Red Lobster and the Olive Garden, will share a common parking area when they open at the site of the former Seafood Shanty at 2311 E. Lincoln Highway. Darden Restaurants, of Orlando, Fla., plans to open its new Red Lobster on March 18, while the Olive Garden is set to debut on April 1. The Red Lobster chain, founded in 1968 by the late Bill Darden and bought in 1970 by General Mills, now has more than 700 restaurants in the United States and Canada.
January 1, 2016 |
As Americans dip their shrimp in cocktail sauce at New Year's Eve parties tonight, they should consider a recent report that made some people gag. Much of the shrimp on holiday trays this season was processed by slaves and indentured servants in Thailand before being imported to the United States. In an exhaustive investigation that included interviews with more than 300 former seafood industry workers, the Associated Press documented that slaves were sold, kidnapped, and conned into servitude while the Thai government blithely looked the other way. When workers tried to leave seafood companies, they were beaten, chained to boat decks without food or water for days, and in some cases thrown overboard.
September 8, 2011
If you asked someone who's never set foot in a Red Lobster or stuck his nose in his grocer's freezer what "popcorn shrimp" is, you'd be on the same wavelength as chef John Taus of the Corner in Center City. Rather than simply deep-frying bits of shrimp and calling it an appetizer, Taus uses larger "21/25" shrimp and popped popcorn. The result: Less greasy than you'd think, though you may develop an urge to go to a movie theater. - Michael Klein Popcorn shrimp ($11)
October 20, 1994 |
The food cops have struck again. But after attracting the national spotlight by slamming your Chinese, Mexican and Italian eateries - and your movie popcorn - they've finally found something good for you: seafood restaurants. The Center for Science in the Public Interest, a nutrition watchdog group, studied 14 popular seafood dishes and platters at restaurants around the country and concluded that seafood restaurants offer abundant choices for health-conscious diners. "There are a few catches, of course, but overall, we found a lot to like at America's seafood restaurants," said Michael Jacobson, the center's executive director.
January 21, 1987 |
Two major restaurants and a third - a specialty restaurant - are expected to open within a stone's throw of each other on Route 130 in Delran Township in the next six to eight months. The major restaurants - Red Lobster and Golden Corral - are part of nationwide chains, and this will be Golden Corral's first venture in New Jersey. The Red Lobster will be constructed at the northeast corner of Route 130 and Tenby Chase Drive, in front of the Hunter's Glen apartment complex.
June 21, 2012 |
COZETTE D. Dandridge was the kind of woman who put everybody else's needs ahead of her own. She saw that approach as expressing the obvious purpose of life for a family matriarch. Her husband of 27 years, Gary, had the best single word for the way she conducted her life: "Wonderful. " "She was a wonderful wife, mother and grandmother," he said. "She was very private, but very loving. She always took care of everybody. " Cozette Dandridge, who worked in food preparation for Red Lobster restaurants and in housekeeping at the University of Pennsylvania, died of cancer June 13. She was 57 and lived in West Philadelphia.
November 5, 1998 |
Jury selection is to begin today in the trial of three state employees from the New Lisbon Developmental Center accused of treating themselves to steak and lobster lunches and having the center pick up the tab. The three women are charged with third-degree official misconduct, according to the indictment, for incidents that occurred from May to August 1995. As cottage training technicians, the women were in charge of taking residents of the developmental center out to lunch on occasion.
June 5, 1988 |
When it opened four years ago, the Red Lobster in Cherry Hill was an exciting place - a well-run family restaurant with good food at moderate prices. Alas, the good times seem to have rolled past this still-popular chain restaurant, for the food on a recent visit was mundane and the service impossible. The restaurant still does not take reservations, but the crowds of those early days have thinned. And unless you go at peak weekend hours, the wait is mercifully brief. With the exception of several varieties of steak, the menu is all-seafood, presenting a decent selection of items in innumerable variations and combinations.
July 16, 2009 |
Good times no longer roll at Carmine's Creole Cafe in Bryn Mawr, which has closed while owner Howard Taylor redoes it as a Euro-Latin restaurant called Verdad ("truth" in Spanish). Nick Farina of the nearby Blush will be managing partner and executive chef. Verdad's tapas menu will be supplemented by a tequila bar and a selection of wines from Spain, Cuba, Chile, Brazil and Mexico, plus a Latin beer selection. Figure on $35 a head, including a drink and a couple of small plates.