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Under Lee, who came to Darden in 2007 after the company acquired LongHorn Steakhouse. rolled out lower-calorie dishes, and speeded up lunch service. Darden last year came under attack from activist investor Starboard Value LP,
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JONESBORO, AR (KAIT) – Business is booming along Jonesboro’s Stadium Boulevard. Red Lobster and Longhorn Steakhouse are moving in. warrant us to go ahead and maybe sell the property at a value where we could relocate.
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The Darden family of restaurants features some of the most recognizable and successful brands in full-service dining: Olive Garden, LongHorn Steakhouse. company focused on developing highly nutritional, high value products through.
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But with the first taste of that lightly salted, golden brown fry, however, any concerns about calories and fat grams are a distant. The plans show an 80-seat, 3,450-square-foot building next to LongHorn Steakhouse and neighboring Olive.
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It turns out lower-calorie dishes can also be good for a restaurant. Earlier this week, Darden, which also owns the LongHorn Steakhouse and Capital Grille chains, said it would buy Cheddar’s Scratch Kitchen for $780 million. Olive.
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Darden, a casual-dining company that also owns LongHorn Steakhouse and Bahama Breeze, badly needs to revive Olive Garden to turn around slumping sales and fend off activist investors Starboard Value and Barington Capital. Darden’s.
The sale was met by howls of protest from two hedge fund activists, Barington Capital and Starboard Value, with Barington’s chief. The higher-growth brands, which include the Capital Grille, LongHorn Steakhouse and Bahama.
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