The buyer is Golden Gate Capital, a not-restaurant group that's already maneuvering to sell off some of Big Red's real estate holdings. What this means for your beloved biscuits, and crabs stuffed with shrimp stuffed with scallops, and... uh, other stuff you go to Red Lobster for, no one is sure yet. But you'd better get your fill while you can, because the chain may be headed for a sea change. (Sorry.)
Dave Infante is a food/drink senior writer at Thrillist, and tweets about his meals occasionally.