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Red Lobster and Olive Garden were given makeovers in 1998. Darden also made a profit of $102 million that year. [6] In 1999, Darden opened an additional location after recovering from the 1996–1997 losses. The company then began testing a new concept called Smokey Bones BBQ Sports Bar, which opened in late 1999 in Orlando. The restaurant is a ...
The Olive Garden started as a unit of General Mills. The Olive Garden's first restaurant was opened on December 13, 1982, in Orlando, Florida, by co-founders Blaine Sweatt, Mark Given, Gino DeSantis and Dave Manuchia. By 1989, there were 145 The Olive Garden restaurants, making it the fastest-growing units in the General Mills restaurant division.
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 ...
The CEO of Darden's, which owns Olive Garden and Red Lobster, recently weighed in on chains like Cosi filing for bankruptcy. Olive Garden owner says it'd sure be 'helpful' if more chains went bankrupt
On May 12, 2014, Darden announced that as part of its spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. [23] On May 16, 2014, Darden announced it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$2.1 billion. [24]
Olive Garden owner Darden Restaurants reported Q4 and full-year earnings Friday. The news was not good. Sales at the company that runs not only Olive Garden, but the Red Lobster and LongHorn ...
In March 2002, Blum moved further up the ladder to become Vice Chairman of Darden Restaurants, the owner of the Olive Garden restaurant chain. Because of his leadership, Olive Garden became Darden's most successful and recognizable company. Blum oversaw Olive Garden and Smokey Bones (considered one of Darden's most promising new restaurant ...
Sales at Orlando-based Darden Restaurants grew in the quarter ending Aug. 27, but its fine-dining business continued to weaken compared with last year. Total sales improved 11.6% to $2.7 billion ...