Happy 40th birthday, Red Lobster. The nationwide seafood chain is segueing into middle age as not only the oldest chain of its kind in the country, but also the largest. According to Kim Lopdrup, who is president of what is also the biggest chain owned by Orlando, Fla.-based Darden Restaurants, the sales by Red Lobster’s 680 units represent a nearly 52-percent share of the industry’s seafood market. Started in Lakeland, Fla., in January 1968 by Georgia restaurateur William ...

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