date:May 19, 2014
uture growth by partnering with Kim Lopdrup and the management team to support the long-term success of Red Lobster.
Golden Gate Capital is also owner of the California Pizza Kitchen chain.
For Darden, the sale of Red Lobster brings to a close one aspect of the companys efforts to conduct a strategic review to improve shareholder value. Initial plans by the company had included spinning off Red Lobster, but several shareholders balked at the idea.
Over the past months, we have had extensive c