Red Lobster

A sign is posted in front of a Red Lobster restaurant. Darden Restaurants announced an agreement to sell its Red Lobster restaurant chain and and related real estate to investment firm Golden Gate Capital for $2.1 billion. (Photo by Justin Sullivan/Getty Images)

Darden To Sell Red Lobster, Hold Onto Olive Garden

Darden is setting Red Lobster adrift but betting it can still turn around Olive Garden’s fortunes.


File photo of a Red Lobster sign. (credit: SAUL LOEB/AFP/Getty Images)

Bad Weather Bites Olive Garden, Red Lobster

The parent company of Olive Garden and Red Lobster said bad winter weather, along with expenses related to its plan to split off its Red Lobster chain, hurt its third-quarter net income.

CBS Tampa–03/03/2014

File photo of a Red Lobster sign.  (credit:  SAUL LOEB/Getty Images)

Olive Garden Owner To Hold Off On Worker Changes

The owner of Olive Garden and Red Lobster says it won’t bump any full-time workers down to part-time status, after its tests aimed at limiting health care costs resulted in a publicity backlash that took a bite out of sales.


Screen grab of an Olive Garden restaurant location. (Credit:

Health Changes Spur Test Of More Part-Time Workers

The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting the impact of looming health coverage requirements.


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