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.

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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
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