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Red Lobster was founded in 1968 by entrepreneurs Bill Darden and Charley Woodsby. Originally billed as a "Harbor for Seafood Lovers", the first restaurant in Lakeland, Florida, was followed by several others throughout the southeast. In 1970, General Mills acquired Red Lobster as a five-unit company. With new backing, the chain expanded rapidly in the 1980s.Red Lobster entered into Canada in the 1980s. The company still maintains a presence, but has since exited the Quebec market in September 1997 due to financial losses, and has never existed in British Columbia.[3]In 1995, Red Lobster (along with Olive Garden and other sister chains), became part of Darden Restaurants, Inc.. During that time, General Mills decided to release Darden into an independent, publicly-traded corporation.[2]True to its name and slogan, the brand specializes in most seafood, including lobster.
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