Regarding news today that Red Lobster is acquired by Golden Gate Capital, the following is Red Lobster CEO Kim Lopdrup's statement:

ORLANDO, Fla., July 28, 2014 /PRNewswire/ -- "As the pioneer in casual dining and the world's largest seafood restaurant company, Red Lobster is uniquely positioned to capitalize on the growing consumer interest in seafood. As a stand-alone, private company we can focus exclusively on what's best for Red Lobster and our guests. Our partner, Golden Gate Capital, is known for investing in iconic retail and restaurant brands and helping them unlock value and grow. Golden Gate Capital is the ideal partner for Red Lobster as we execute our growth plan, which focuses on Great Seafood, Great People and Great Results."

SOURCE Red Lobster




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