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Olive Garden is an American casual dining restaurant chain specializing in Italian-American cuisine. It is a subsidiary 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 its parent, Darden. [3] [4]
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 ]
The building sold to the Darden Restaurant Group for $2.2 million. The new location will be Olive Garden's second in Evansville but there are several others located in the region, in Paducah and ...
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Rick Cardenas, CEO of Olive Garden’s parent company Darden Restaurants, unveiled the exciting news during a Sept. 19. earnings call about their latest quarterly results.
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Olive Garden is pulling out all the stops to accomplish a turnaround. One of the company's recent initiatives is surely one of the most unique you will ever see from a casual-dining restaurant.