Company looks abroad as U.S. markets become more saturated
Despite having a couple dozen licensed Red Lobsters in Japan and a handful of franchised LongHorn Steakhouses in Puerto Rico, Darden Restaurants Inc. has shown little appetite for overseas growth. But in October, Darden bit off a big chunk of international development in the Middle East, prompting industry observers to question whether the United States still offered room to grow. Over the past two decades, other restaurant operators, both small and large, have staked out territory ...
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