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On May 12, 2014, Darden announced that as part of the spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. [27] On May 16, 2014, Darden announced that it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. [28]
Olive Garden is an American casual dining restaurant chain specializing in Italian-American cuisine. It is a unit of Darden Restaurants, Inc., which is headquartered in Orange County, Florida. [2] As of 2022, Olive Garden restaurants accounted for $4.5 billion of the $9.63 billion revenue of Darden. [3] [4]
Olive Garden increased prices by about 3.5% during the last fiscal year, compared with an average of about 4% across other Darden entities. With 110 Olive Garden locations, Texas has more than any ...
Rick Cardenas, CEO of Darden Restaurants—which owns Olive Garden, Longhorn Steakhouse, Bahama Breeze, and Ruth’s Chris Steak House—said during the company’s Thursday earnings call that ...
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Olive Garden, Texas Roadhouse chasing Chili's success as casual dining chains compete for date nights in 2025. Brooke DiPalma. January 26, 2025 at 12:54 PM.
Garden leave (also known as gardening leave) is the practice whereby an employee leaving a job – having resigned or otherwise had their employment terminated – is instructed to stay away from work during the notice period, while still remaining on the payroll. [1]
Olive Garden parent company Darden beat earnings expectations Thursday, with revenues of $2.73 billion and earnings per share of $1.78 (four cents higher than analysts had forecast). That was the ...
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