Darden Restaurants casting off Red Lobster
date:Dec 20, 2013
y beginning in fiscal 2015, which represents a $10 million increase over its previous projection of $50 million.

The spin-off will transform Darden into two independent public companies that can each focus on their different opportunities, Mr. Otis said. New Dardens core strategic focus will be on retaining to core customers and expanding our customer base. New Red Lobsters focus will largely be on retaining its core customers and on using its strong and consistent cash flow generation to supp
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