Is Red Lobster and Olive Garden owned by the same company?
(AP) — Darden Restaurants said it will sell its Red Lobster chain to investment firm Golden Gate Capital for $2.1 billion. The company, which also owns Olive Garden, announced late last year that it planned to spin off or sell Red Lobster to improve its financial performance.
Who is the parent company of Red Lobster?
Darden Restaurants
Golden Gate CapitalRed Lobster Management LLC
Red Lobster/Parent organizations
Is Red Lobster part of Darden?
ORLANDO, Fla. and SAN FRANCISCO, July 28, 2014 /PRNewswire/ — Darden Restaurants, Inc. (NYSE: DRI) and Golden Gate Capital today announced that Golden Gate has completed the acquisition of the Red Lobster business and certain other related assets and assumed liabilities for approximately $2.1 billion in cash.
What company owns Olive Garden restaurants?
Darden Restaurants
Olive Garden/Parent organizations
Is Olive Garden closing?
Luckily, the rumor, which started as the result of an online advertisement that ran in December of 2020, seems to be unfounded — meaning Olive Garden is (as far as we know) here to stay. …
Is Olive Garden really Italian?
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.
Is Red Lobster going out of business 2020?
The Red Lobster restaurant chain today brushed aside reports that it will be closing its doors. “We are not closing any restaurants,” Jeffers told ABCNews.com on Friday. The confusion may also be linked to Darden’s announcement last week that it plans to sell or spin off the Red Lobster chain into a separate company.
Who bought Red Lobster 2020?
Golden Gate Capital
Golden Gate Capital to sell Red Lobster Seafood Co. to group led by Thai Union. A group of minority shareholders and current management of Red Lobster Seafood Co. is acquiring the casual-dining chain from Golden Gate Capital, the new controlling consortium said Monday.
Is Red Lobster gift card good anywhere else?
Red Lobster Gift Cards are redeemable at all Red Lobster locations in the United States or when placing To Go and delivery orders at www.RedLobster.com. Once your gift card has been printed, it can be used at any participating Red Lobster.
Can you use Olive Garden gift card at Red Lobster?
According to the corporate website Darden gift cards may be redeemed at any Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House, Red Lobster or any other Darden restaurant in the U.S.
Is Olive Garden and LongHorn the same?
Darden Restaurants, Inc….Darden Restaurants.
| Type | Public |
|---|---|
| Number of employees | 185,000 (2017) |
| Divisions | Olive Garden LongHorn Steakhouse Cheddar’s Scratch Kitchen Yard House The Capital Grille Seasons 52 Bahama Breeze Eddie V’s Prime Seafood |
| Website | darden.com |
| Footnotes / references |
Is Olive Garden going out of business?
Olive Garden is not fully going out of business today). So while the restaurants mentioned by the website may not have been experiencing their best year, many of the chains that had been listed were in fact not closing for good, just shuttering one or more locations.
Who are the companies that own Red Lobster?
When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano’s Macaroni Grill from 2008 to 2013. Today the only other restaurantchain Golden Gate owns besides Red Lobster is California Pizza Kitchen , but their portfolio includes lots of non-restaurant companies, including Eddie Bauer, Payless, and J. Jill.
When did Olive Garden spin off from Red Lobster?
This was in direct response to Darden’s going over budget on a new digital platform. 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.
Who is the owner of the Olive Garden chain?
Darden Restaurants also owns the Olive Garden chain which has 830 locations in North America as well, but instead of selling the restaurants, it reworked the logo and added lighter and smaller dishes to the menu.
When was Olive Garden spun off from Darden Restaurants?
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. 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.