News and Articles About Olive Garden
Starboard Value has successfully replaced the entire board of Darden Restaurants, parent company of Olive Garden, following months of dispute.
The battle with activist investor Starboard Value LC will come to a boil at the company's annual meeting on Friday, where Darden is expected to at minimum lose control of its board.
Starboard Value published a snarky, almost 300-page presentation telling Darden Restaurants how to mend the struggling Olive Garden brand.
Looking to capitalize on America's appetite for all things 'endless,' the casual dining chain is selling $100 gift cards for seven weeks' worth of unlimited pasta, salad, bread and soda.
Clarence Otis announced his departure from the parent company of Olive Garden on the same day the company completed the sale of Red Lobster.
Now that Golden Gate Capital has acquired Red Lobster from Darden Restaurants, the seafood chain is trying to emphasize its quality.
Golden Gate Capital, a private equity firm with experience in the restaurant industry, picks up the casual dining seafood chain from Darden Restaurants, Inc.
Yesterday, Olive Garden revealed a new logo and revamped restaurants. However, investors still want the chain to be cut off.
Olive Garden added 20 new items to its menu, as investors call for its parent company to shed the struggling chain.
Darden Restaurants continues to struggle, cutting employees and dealing with investors who are challenging the company's decisions.
As Red Lobster struggles, Darden is looking to sell or spin off the seafood restaurant to focus on more profitable up-and-coming chains.
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