Red Lobster Works With Adviser RCS Real Estate to Lower Rents

Red Lobster Management is working with advisory firm RCS Real Estate Advisors as the company seeks rent concessions from landlords, according to people with knowledge of the situation who asked not to be identified because they aren’t authorized to speak about it.

The casual dining restaurant chain in 2020 saw a change in ownership when an investor group led by Thai Union Group PCL acquired the remaining equity stake from then-private equity sponsor Golden Gate Capital.

Orlando, Florida-based Red Lobster is seeking to cut expenses amid a challenging operating environment for the restaurant industry that has been somewhat paralyzed ...