Tag Archive | Darden

Darden Announces Comprehensive Plan to Enhance Shareholder Value

Darden Restaurants, Inc. (NYSE: DRI) announced today that its Board of Directors has approved a comprehensive plan to enhance shareholder value, address changing industry dynamics in the casual dining sector and leverage the benefits of the Company’s position as the premier casual dining restaurant company.  The elements of this comprehensive […]

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Black Friday and Cyber Monday Deals at Red Lobster & LongHorn Steakhouse Help Shoppers Kick-Off the Holiday Season

Red Lobster and LongHorn Steakhouse are featuring Black Friday meal deals and Cyber Monday e-gift card offers to help shoppers fuel up for a day at the mall, and give them a head start on holiday shopping. The Black Friday meal promotions are as follows: Red Lobster: Guests can add […]

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Kids Eat Free Halloween Week at Olive Garden, Red Lobster and LongHorn Steakhouse

Olive Garden, Red Lobster and LongHorn Steakhouse are helping families feed their hungry little ones before neighborhood Halloween parties or a night of trick or treating. The three restaurants are offering Kids Eat Free deals Halloween week: Olive Garden and LongHorn Steakhouse: From Oct. 28 – Oct. 31, free kids […]

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Darden Restaurants Announces Leadership Changes; COO Drew Madsen To Retire

Darden Restaurants, Inc. (NYSE: DRI) today announced that Drew Madsen, Darden’s President and Chief Operating Officer, has decided to retire from Darden at the end of the company’s fiscal second quarter.  He will be succeeded, effective immediately, by Gene Lee, who currently serves as the President of Darden’s Specialty Restaurant […]

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Darden Announces Brand President and Marketing Leadership Appointments

Darden Restaurants, Inc. (NYSE: DRI) today announced the appointments of new brand presidents at Olive Garden and LongHorn Steakhouse, as well as a new Chief Marketing Officer.  The following leaders will report to Drew Madsen , Darden’s President and Chief Operating Officer, effective January 14. Dave George has been named […]

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Darden Provides Update on its Restaurant Staffing Plans Under Healthcare Reform

Darden Restaurants, Inc. today provided an update on its full-time staffing plans for 2014 following thorough testing of potential changes in the composition of its workforce in connection with healthcare reform.  The company has determined that: None of Darden’s current full-time employees, hourly or salaried, will have their full-time status […]

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Darden Announces Departure of Chief Marketing Officer JJ Buettgen

Darden Restaurants, Inc. (NYSE: DRI) today announced that JJ Buettgen has resigned from his position as chief marketing officer at the company, effective immediately, to become president and CEO of Ruby Tuesday, Inc. “We understand and respect JJ’s desire to lead an organization and we wish him well in his […]

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Darden Foundation Grants $150,000 For Low-Income College Students

The Hispanic Scholarship Fund (HSF), the leading provider of college scholarships to Hispanics across the country, and the Darden Restaurants, Inc. Foundation (Darden Foundation) have launched a new program to expand scholarship opportunities and academic support for low-income college students. Through a $150,000 grant from the Darden Foundation, 40 students […]

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Darden Restaurants Earns National Recognition for Diversity

Darden Restaurants has been recognized by three national publications for its commitment to diversity in its business practices and among its family of restaurants: Red Lobster, Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V’s and Yard House. Darden has been honored with the following recognitions: […]

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Darden Restaurants Completes Acquisition of Yard House USA, Inc.

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has completed the acquisition of Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC, management and investors. This follows the agreement that was announced on July 12, 2012. The total transaction […]

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Darden Restaurants Agrees To Acquire Yard House USA, Inc. For $585 Million

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has agreed to acquire Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC, management and investors.  The total transaction price of $585 million includes approximately $30 million of cash tax benefits that […]

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Darden Restaurants, Inc. Announces New Board Members

Darden Restaurants, Inc. has elected Michael W. Barnes, chief executive officer of Signet Jewelers Limited, and William S. Simon, president and chief executive officer of Walmart U.S., to its board of directors effective June 19, 2012. “Mike and Bill both bring a wealth of leadership experience to our board of […]

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Darden Restaurants Awards More Than $1.7 Million in Local Grants to Nearly 900 Nonprofit Organizations in North America

Today, the Darden Foundation, the charitable arm of Darden Restaurants Inc., announces it is awarding more than $1.7 million to nearly 900 nonprofit organizations in communities across the U.S. and Canada as part of its inaugural Darden Restaurants Community Grants Program. The local grants program is intended to help support […]

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Darden Adds Puerto Rico to International Growth Plans with Announcement of Area Development Agreement with ROI

Darden Restaurants, Inc. (NYSE: DRI) today announced it has entered into an area development agreement with Restaurant Operators, Inc. (ROI) to develop and operate Darden’s Olive Garden and LongHorn Steakhouse brands in Puerto Rico. ROI already operates five LongHorn units in Puerto Rico as part of an agreement that was […]

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