Red Lobster

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.

Kate Taylor

· 2 min read

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.

Kate Taylor

· 2 min read

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.

Laura Entis

· 2 min read

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.

Kate Taylor

· 3 min read

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.

Kate Taylor

· 2 min read

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.

Kate Taylor

· 2 min read

Chuck E. Cheese's Snags a Buyer

Apollo Global Management will buy Chuck E. Cheese's parent company for $54 per share.

Kate Taylor

· 2 min read

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.

Kate Taylor

· 3 min read