Tag Archive | Seasons 52

Notice of Unauthorized Access to Cheddar's Scratch Kitchen Guest Data

Notice of Unauthorized Access to Cheddar’s Scratch Kitchen Guest Data

On August 16, 2018, Darden Restaurants was notified by federal authorities that a legacy point-of-sale system of certain Cheddar’s Scratch Kitchen restaurants, a concept acquired by Darden in 2017, may have been compromised in a cyberattack incident involving restaurants in 23 states. We believe that payment card information, including card […]

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Darden Restaurants Announces Leadership Appointments

Darden Restaurants Announces Leadership Appointments

Darden Restaurants, Inc. (DRI) today announced the appointment of Dave George as Executive Vice President and Chief Operating Officer (COO), a new position within Darden. As COO, George will maintain his oversight of Olive Garden, Bahama Breeze, Seasons 52 and International Franchising while adding Cheddar’s Scratch Kitchen to his leadership […]

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Darden Restaurants Completes Acquisition Of Cheddar's Scratch Kitchen

Darden Restaurants Completes Acquisition Of Cheddar’s Scratch Kitchen

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has completed the acquisition of Cheddar’s Scratch Kitchen (Cheddar’s) for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners. This follows the agreement that was announced on March 27, 2017. The […]

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Darden Restaurants Agrees To Acquire Cheddar's Scratch Kitchen For $780 Million; Adds A Casual Dining Value Leader To Darden's Portfolio Of Differentiated Brands

Darden Restaurants Agrees To Acquire Cheddar’s Scratch Kitchen For $780 Million; Adds A Casual Dining Value Leader To Darden’s Portfolio Of Differentiated Brands

Darden Restaurants, Inc. (NYSE: DRI) today announced that it has agreed to acquire Cheddar’s Scratch Kitchen (Cheddar’s) for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners. Cheddar’s will add to Darden’s portfolio of differentiated brands which currently includes Olive […]

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Darden Names Jeffrey Davis Chief Financial Officer

Darden Names Jeffrey Davis Chief Financial Officer

Darden Restaurants, Inc. (NYSE: DRI) today announced the appointment of Jeffrey Davis as its Senior Vice President and Chief Financial Officer, effective July 16, 2015.  In this role, Davis assumes responsibility for the financial functions of the company, including finance and accounting, corporate reporting, corporate tax, treasury and investor relations, […]

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Darden Announces Appointment Of Chief Executive Officer

Darden Announces Appointment Of Chief Executive Officer

Darden Restaurants, Inc. (NYSE: DRI) today announced that its Board of Directors has appointed current Interim Chief Executive Officer Eugene I. Lee, Jr. as Chief Executive Officer and director, effective immediately. Jeffrey C. Smith, Darden’s Independent Non-Executive Chairman, commented, “On behalf of the Board, I want to say how excited […]

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Restaurant Chain Growth Report 12/30/14

Restaurant Chain Growth Report 12/30/14

RestaurantData.com has released its latest Restaurant Chain Growth Report. Growing Concepts of Multi Unit Operators Concepts that have grown by at least 5% (if less than 50 units). RUBY RESTAURANT GROUP based in Irvine, CA (founded 1982) has increased by 3 units for Ruby’s Diner, from 37 to 40 (8% growth).  […]

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Darden Announces Leadership Changes And Strategic Actions

Darden Announces Leadership Changes And Strategic Actions

Actions Will Sharpen Focus on Operations and Guest Experience While Reducing Costs Plan Includes Senior Leadership Changes, Streamlining of Support and Operations Functions, and Closure of Corporate Aviation Department Darden Restaurants, Inc. (NYSE: DRI) today announced several leadership changes and strategic actions in order to increase the focus on restaurant […]

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Inside Darden's Food Fight

Inside Darden’s Food Fight

Okapi Partners CEO Bruce Goldfarb on leading the proxy fight for Starboard in winning all the seats on Darden’s board.

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Darden Announces Certified Results Of 2014 Annual Shareholder Meeting

Darden Announces Certified Results Of 2014 Annual Shareholder Meeting

Darden Restaurants, Inc. (NYSE: DRI) today announced that its independent Inspector of Elections has certified the results of the Company’s 2014 annual meeting. Accordingly, shareholders have elected all 12 Starboard-nominated directors to Darden’s Board of Directors. They are: Betsy S. Atkins, Margaret Shan Atkins, Jean M. Birch, Bradley D. Blum, […]

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Darden Announces Preliminary Results Of Annual Meeting And Reconstituted Board Of Directors

Darden Announces Preliminary Results Of Annual Meeting And Reconstituted Board Of Directors

New Board Excited to Immediately Begin Working with Darden’s Dedicated Employees to Create Substantial Value for the Benefit of All Shareholders Darden Restaurants, Inc. (NYSE: DRI) today announced that, based on the preliminary vote count provided by its proxy solicitor following the Company’s 2014 Annual Meeting, shareholders have elected all […]

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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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Seasons 52 To Open at The Mall in Columbia in Late 2014

Seasons 52, the fresh grill and wine bar restaurant, has announced plans to open at The Mall in Columbia.  Offering guests a fresh dining experience, the restaurant will open in late 2014. The Columbia location will feature a warm, welcoming ambiance centered on a casual, but sophisticated, dining room with […]

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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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