(Continued from page 3) Under pressure from New York-based hedge fund Barington Capital Group LP, Darden Restaurants Inc. said Dec. 19 it would sell or spin off its Red Lobster chain, which along with Olive Garden has been a drag on profits. Clarence Otis, Darden’s chairman and chief executive, at the time acknowledged that the casual-dining segment had experienced “relatively low levels of consumer demand in each of the past several years” and “additional ...
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Contact: Desiree Torres Desiree.Torres@penton.com