Darden Restaurants Inc. outlined its plan to ignite a “renaissance” at Olive Garden as it warned investors this week of disappointing sales in its fiscal third quarter. Executives at the Orlando, Fla.-based casual-dining company also stood by their plan to separate Red Lobster into a separate company, despite continuing pressure from activist investors Barington Capital Group L.P. and Starboard Value L.P. for broader changes. On Tuesday, Starboard said in filings with the ...
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