Company 'may be looking now' for potential buyout targets
Darden Restaurants Inc., parent to the Olive Garden, Red Lobster and other casual-dining chains, may be shopping for another brand, an analyst reported Monday. Steve West and Matthew Van Vliet, restaurant analysts with Stifel Nicolaus Weisel, recently met with Darden executives and said in a research note Monday that the Orlando, Fla.-based company “may be looking now.” “Management discussed the challenge of growing top line at current target after five years and believe ...
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Contact: Desiree Torres Desiree.Torres@penton.com