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Investors

Olive Garden Parent Darden Restaurants Faces Shareholder Showdown

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.
Olive Garden

Activist Investor Tells Olive Garden to Google 'How to Cook Pasta'

Starboard Value published a snarky, almost 300-page presentation telling Darden Restaurants how to mend the struggling Olive Garden brand.
Publicity Stunts

Olive Garden to Unveil a Really Crazy 'Never-Ending' Deal

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.
Darden

Darden CEO Steps Down Amid Investor Battle

Clarence Otis announced his departure from the parent company of Olive Garden on the same day the company completed the sale of Red Lobster.
Red Lobster

Red Lobster Completes Sale, Revamps Food Presentation

Now that Golden Gate Capital has acquired Red Lobster from Darden Restaurants, the seafood chain is trying to emphasize its quality.
Red Lobster

Done Deal: Red Lobster Restaurant Chain Sold for $2.1 Billion

Golden Gate Capital, a private equity firm with experience in the restaurant industry, picks up the casual dining seafood chain from Darden Restaurants, Inc.
Olive Garden

Olive Garden Undergoes 'Brand Renaissance' as Investors' Criticism Intensifies

Yesterday, Olive Garden revealed a new logo and revamped restaurants. However, investors still want the chain to be cut off.
Restaurant Center

Desperate Measures: Olive Garden Revamps Menu as Investors Get Pushy

Olive Garden added 20 new items to its menu, as investors call for its parent company to shed the struggling chain.
Franchises

Everything Seems to Be Getting Worse for Company Behind Red Lobster, Olive Garden

Darden Restaurants continues to struggle, cutting employees and dealing with investors who are challenging the company's decisions.
Franchises

Struggling Red Lobster to Split From Parent Company

As Red Lobster struggles, Darden is looking to sell or spin off the seafood restaurant to focus on more profitable up-and-coming chains.