Goldman Sachs to review Darden split proposal

By

SeafoodSource staff

Published on
October 21, 2013

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.


Click here to read the full story from USA Today >

Want seafood news sent to your inbox?

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500