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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]
Red Lobster is a lost cause -- at least, that's what parent company Darden Restaurants seems to think. In the middle of December, Darden's board of directors announced its decision to remove Red ...
There's no shortage of fans and critics when it comes to Darden Restaurants' Red Lobster restaurant. Naysayers will argue that there are far better restaurants out there serving fresh seafood, and ...
Things don't appear to getting any better for Darden Restaurants and its Red Lobster chain. The endless promotions and new menu items still can't bring customers back to its restaurants. In the ...
China Coast was a casual dining American restaurant chain owned by Darden Restaurants Inc., specializing in American Chinese cuisine.. Founded in 1990 in Orlando, Florida, [1] China Coast was intended to join Olive Garden and Red Lobster as Darden's signature properties. [2]
Shares of the company behind Red Lobster, Olive Garden, and Thinning margins and sluggish comps at Olive Garden ate into casual-dining juggernaut Darden Restaurants (NYS: DRI) in its latest quarter.
Launched in 1968 in Lakeland, Florida, by local restaurateur Bill Darden, Red Lobster eventually expanded nationwide by offering Americans affordable crab, lobster and other seafood.
Darden soon faced pressure from activist investors pushing the company to split in two. Darden responded to activist pressure by announcing plans in 2013 to sell Red Lobster, separating the chain ...
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