date:Dec 20, 2013
of its Red Lobster restaurants that was dismantled after a few months. On Sept. 23, Barington Capital Group, L.P., which owns 1.4% of Dardens outstanding common stock, wrote a letter to the board of directors recommending the company split its restaurant operations and real estate properties.
With 705 restaurants in the United States and Canada, Red Lobster had annual sales of approximately $2.6 billion in fiscal 2013. Amidst changing consumer dynamics, the company said Red Lobsters competitiv