Darden said it is looking to either spin off or sell Red Lobster as part of its plan to boost value for its shareholders.
December 19, 2013 at 12:00 AM
1 minute read
Darden Restaurants wants to set Red Lobster adrift.
The company said Thursday that it is looking to either spin off or sell Red Lobster as part of its plan to boost value for its shareholders. Those plans also include suspending the opening of new Olive Garden locations and limit the opening of new LongHorn Steakhouse restaurants.
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