Darden Restaurants has hired Goldman Sachs to help it consider a re-organization proposal released Thursday by activist investment firm Barington Capital, according to a person familiar with the situation.
Barington, run by James Mitarotonda, released a letter it recently sent to Darden's board of directors, summarizing a plan that includes forming two independently managed restaurant companies.
One would operate Darden’s mature brands, Olive Garden and Red Lobster, while the other would run its higher-growth brands, such as LongHorn Steakhouse, The Capital Grille and Yard House.
