Darden Restaurants Inc. is working to stem sliding sales at Olive Garden with a “brand renaissance” program as it prepares to close on the sale of its Red Lobster brand in July. Olive Garden’s same-store sales slipped 3.5 percent in the May 25-ended fourth quarter, the Orlando, Fla.-based company reported Friday. Clarence Otis, Jr., Darden’s chairman and chief executive, said in a call with analysts that the 837-unit brand was embarking on a plan to improve food ...
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