date:Jan 14, 2014
higher-growth brands of LongHorn Steakhouse, The Capital Grille, Yard House, Bahama Breeze, Seasons 52 and Eddie Vs Prime Seafood. Additionally, the letter called for a transfer of the companys real estate assets, valued at approximately $4.2 billion, into stand-alone, publicly-traded real estate investment trusts.
On Dec. 19, Darden announced a comprehensive strategic review that included a tax-free spin-off or sale of Red Lobster, reducing unit growth at Olive Garden and LongHorn Steakhouse,