Applebee’s
Casual DiningDIN$37.22+3.8%
Not rated
Casual Dining
Red Lobster
Parent: RL Investor Holdings (Fortress Investment Group-led) · PE-owned; emerged from Chapter 11 in 2024
Credit ratingNot rated
AAAAAABBBBBBCCCD
No verified agency rating.
EmployeesNot verifiedNo verified source
HeadquartersOrlando, FloridaCasual Dining
New Initiatives
How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.
Red Lobster closed more restaurants, falling to 484 U.S. locations from 520 at the end of 2025.
Source: Nation’s Restaurant News
Red Lobster is a seafood casual dining chain. It filed for Chapter 11 in May 2024 and emerged in September 2024 under a lender group led by Fortress Investment Group.
Store count
484 as of Oct. 2026
-10.1%/yr annualized over 2.8 yrs (Dec 2023 to Oct 2026)U.S. restaurants. Counts as reported at each period end. Sources: Nation's Restaurant News citing Technomic Ignite (restaurants in 2023); Nation's Restaurant News, Red Lobster exits bankruptcy; Nation’s Restaurant News.
Ownership history
- 2014
Sold by Darden to Golden Gate Capital Source: Wikipedia: Red Lobster
- 2024
Acquired out of Chapter 11 by a Fortress Investment Group-led group Source: Wikipedia: Red Lobster
SEC Filings
Private company, no public SEC filings. RL Investor Holdings (Fortress Investment Group-led) does not file annual reports with the SEC.
Credit ratings
| Agency | Rating | Outlook | As of | Source |
|---|---|---|---|---|
| S&P Global | Not rated | No current public issuer rating verified after 2024 Chapter 11 emergence | S&P Global Ratings | |
| Moody’s | Not rated | No current public issuer rating verified after 2024 Chapter 11 emergence | Moody’s Ratings |
Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.
Casual Dining
