Content about Darden Restaurants

May 16, 2014

Darden Restaurants on Friday said it has reached an agreement to sell its struggling Red Lobster chain to private equity firm Golden Gate Capital for $2.1 billion.

Orlando, Fla. -- Darden Restaurants on Friday said it has reached an agreement to sell its struggling Red Lobster chain to private equity firm Golden Gate Capital for $2.1 billion.

"Red Lobster is exactly the type of company in which we seek to invest given its great brand profile and strong management team,” said Josh Olshansky, managing director at Golden Gate Capital. “We see significant opportunities for future growth by partnering with Kim Lopdrup and the management team to support the long-term success of Red Lobster."

May 16, 2014

Darden Restaurants on Friday said it has reached an agreement to sell its struggling Red Lobster chain to private equity firm Golden Gate Capital for $2.1 billion.

Orlando, Fla. -- Darden Restaurants on Friday said it has reached an agreement to sell its struggling Red Lobster chain to private equity firm Golden Gate Capital for $2.1 billion.

"Red Lobster is exactly the type of company in which we seek to invest given its great brand profile and strong management team,” said Josh Olshansky, managing director at Golden Gate Capital. “We see significant opportunities for future growth by partnering with Kim Lopdrup and the management team to support the long-term success of Red Lobster."

December 18, 2012

Englewood Construction said that its restaurant group has secured a project for Macerich and Darden Restaurants Inc. that will deliver a new Seasons 52 to The Shops at North Bridge, located on Chicago’s Michigan Ave and owned by Macerich.

Chicago -- Englewood Construction said Tuesday that its restaurant group has secured a project for Macerich and Darden Restaurants Inc. that will deliver a new Seasons 52 to The Shops at North Bridge, located on Chicago’s Michigan Ave and owned by Macerich.

Englewood will perform landlord infrastructure work for Macerich at a 9,249-sq.-ft. space and then commence a build-out for Seasons 52 at the same location.

Seasons 52 is owned and operated by Orlando, Fla.-based Darden Restaurants Inc.

August 1, 2012

Darden Restaurants reduced restaurant water usage by 17% on an aggregate basis between fiscal years 2008 and 2011, exceeding its 2015 goal of reducing water consumption in each of its restaurants by 15% on aggregate and is more than half way toward meeting the same goal for reducing energy consumption in its restaurants, according to the company’s second annual sustainability report.

Orlando, Fla. -- Darden Restaurants reduced restaurant water usage by 17% on an aggregate basis between fiscal years 2008 and 2011, exceeding its 2015 goal of reducing water consumption in each of its restaurants by 15% on aggregate and is more than half way toward meeting the same goal for reducing energy consumption in its restaurants, according to the company’s second annual sustainability report.

August 1, 2012

Darden Restaurants reduced restaurant water usage by 17% on an aggregate basis between fiscal years 2008 and 2011, exceeding its 2015 goal of reducing water consumption in each of its restaurants by 15% on aggregate and is more than half way toward meeting the same goal for reducing energy consumption in its restaurants, according to the company’s second annual sustainability report.

Orlando, Fla. -- Darden Restaurants reduced restaurant water usage by 17% on an aggregate basis between fiscal years 2008 and 2011, exceeding its 2015 goal of reducing water consumption in each of its restaurants by 15% on aggregate and is more than half way toward meeting the same goal for reducing energy consumption in its restaurants, according to the company’s second annual sustainability report.

July 18, 2012

Darden Restaurants’ recent $585 million purchase of one of casual-dining’s rising stars, Yard House USA, put a spotlight on the brand, which has 39 locations. But Yard House is also generating buzz with its first Boston location, which is located just a stone’s throw away from one of the nation’s most historic sporting venues: Fenway Park.

July 13, 2012

Darden Restaurants announced that it has agreed to acquire Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC.

Orlando, Fla. -- Darden Restaurants announced that it has agreed to acquire Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC. Yard House operates 39 restaurants in 13 states.

The brand will become part of Darden's Specialty Restaurant Group, which includes The Capital Grille, Bahama Breeze, Seasons 52 and Eddie V's.

July 13, 2012

Darden Restaurants announced that it has agreed to acquire Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC.

Orlando, Fla. -- Darden Restaurants announced that it has agreed to acquire Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC. Yard House operates 39 restaurants in 13 states.

The brand will become part of Darden's Specialty Restaurant Group, which includes The Capital Grille, Bahama Breeze, Seasons 52 and Eddie V's.

April 27, 2011

Darden Restaurants plans to roughly double the size of LongHorn Steakhouse during the next 10 years.

New York City -- Darden Restaurants plans to roughly double the size of LongHorn Steakhouse during the next 10 years. 

Speaking at Barclay’s Retail & Restaurants Conference in New York City, Darden president and COO Drew Madsen said LongHorn Steakhouse, Olive Garden and Seasons 52 would help drive the company’s growth going forward. Darden want to expand LongHorn Steakhouse, which currently has some 345 locations, to 600 to 800 units over the next decade.

April 27, 2011

Darden Restaurants plans to roughly double the size of LongHorn Steakhouse during the next 10 years.

New York City -- Darden Restaurants plans to roughly double the size of LongHorn Steakhouse during the next 10 years. 

Speaking at Barclay’s Retail & Restaurants Conference in New York City, Darden president and COO Drew Madsen said LongHorn Steakhouse, Olive Garden and Seasons 52 would help drive the company’s growth going forward. Darden want to expand LongHorn Steakhouse, which currently has some 345 locations, to 600 to 800 units over the next decade.

April 1, 2011

Olive Garden plans to remodel or refresh more than half of its 700 plus restaurants across the United States to its new Tuscan farmhouse-inspired design.

Orlando, Fla. -- Olive Garden plans to remodel or refresh more than half of its 700 plus restaurants across the United States to its new Tuscan farmhouse-inspired design.

Called “Via Tuscany,” the updated décor includes new tables, chairs and booths, a palette of warm, rustic tones and design elements of a farmhouse in Tuscany. Other updates include new window treatments.

September 20, 2010

Darden Restaurants ranks among the top 50 S&P 500 companies recognized by the Carbon Disclosure...

September 20, 2010

Darden Restaurants ranks among the top 50 S&P 500 companies recognized by the Carbon Disclosure...

July 18, 2010

Darden Restaurants, owner of Red Lobster and Olive Garden banners among others, said Monday that...

July 18, 2010

Darden Restaurants, owner of Red Lobster and Olive Garden banners among others, said Monday that...

March 15, 2010

Darden Restaurants has begun a chain-wide sustainable restaurant design initiative involving the use of Leadership...

March 15, 2010

Darden Restaurants has begun a chain-wide sustainable restaurant design initiative involving the use of Leadership...

September 30, 2009

Darden Restaurants celebrated the opening of its new Restaurant Support Center, which was designed to...

September 30, 2009

Darden Restaurants celebrated the opening of its new Restaurant Support Center, which was designed to...

May 31, 2008

Darden Restaurants announced the launch of its newly redesigned corporate website (darden.com) as well as...

May 31, 2008

Darden Restaurants announced the launch of its newly redesigned corporate website (darden.com) as well as...