Darden Restaurants to sell or spin off Red Lobster

Darden Restaurants (DRI) says it plans to separate its Red Lobster business from the company either through a sale or spinoff.

The Red Lobster chain has seen some of the weakest traffic trends in the sector during Q4 and faces tough seafood input costs.

DRI +0.1% premarket.

From other sites
Comments (1)
  • SoCalNative+(RIP)
    , contributor
    Comments (651) | Send Message
    Good riddance. And with it the bogus lawsuits of people "choking on lobster shells."
    19 Dec 2013, 09:55 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs