Darden Restaurants sold Red Lobster to private equity firm Golden Gate Capital. The move will allow Darden to focus on its Olive Garden brand.
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Sources:
CNN http://money.cnn.com/2014/05/16/investing/darden-red-lobster/
Panera Bread http://www.youtube.com/watch?v=oDofsLTo8u4
The Wall Street Journal http://online.wsj.com/news/articles/SB10001424052702303409004579565613134591226?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303409004579565613134591226.html
The New York Times http://dealbook.nytimes.com/2014/05/16/darden-to-sell-red-lobster-for-2-1-billion/
Darden Restaurants http://investor.darden.com/investors/news-releases/press-release-details/2014/Darden-Announces-Sale-of-Red-Lobster-to-Golden-Gate-Capital-for-21-Billion/default.aspx
Olive Garden http://www.youtube.com/watch?v=RcYZT7LVjZs
Forbes http://www.forbes.com/sites/samanthasharf/2014/05/16/red-lobster-caught-by-golden-gate-capital-for-2-1-billion/
Image via: Flickr / Chelsea Gomez
