WebFeb 21, 2024 · As guests munched on cheddar biscuits, the chain caught the attention of Golden Gate Capital, and the parent company purchased Red Lobster for $2.1 billion in 2014. The sale was the latest feather in the parent company's cap, adding the chain alongside California Pizza Kitchen, which it had purchased in 2011. In August, Darden acquired rival Atlanta-based restaurant holder Rare Hospitality for US$1.4 billion, gaining Rare's two chains, The Capital Grille and LongHorn Steakhouse. As part of the Rare acquisition, Darden set up its Specialty Restaurant Group to include Capital Grille, Bahama Breeze, and Seasons 52. [19] See more Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando. As of January 2024, the firm owns two fine dining restaurant chains: Eddie V's and The Capital Grille; … See more • Olive Garden • LongHorn Steakhouse • Cheddar's Scratch Kitchen • Darden's Specialty Restaurant Group See more • Official website • Business data for Darden Restaurants: See more William (Bill) Darden opened his first restaurant, The Green Frog, in Waycross, Georgia in 1938 at age 19. He later founded the Red Lobster Inns of America and opened the first Red Lobster restaurant in Lakeland, Florida in 1968. Red Lobster, which … See more • Food portal • List of restaurant chains • List of food companies See more

Darden Agrees to Buy Cheddar’s Scratch Kitchen for $780 million

WebJun 28, 2024 · ORLANDO, Fla. , March 27, 2024 /PRNewswire/ — Darden Restaurants, Inc.(NYSE: DRI) today announced that it has agreed to acquire Cheddar’s Scratch Kitchen (Cheddar’s) for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners . Mar 27, 2024 WebDardenhas acquired 3companies. A total of 2acquisitions came from private equity firms. It has also divested 2assets. Darden’slargest acquisition to date was in 2024, when it acquired Cheddar’s Casual Cafefor $780M. Dardenhas acquired in 3different US states. The Company’s most targeted sectors include restaurants (67%)and food (34%). opec cost per barrel

Darden Restaurants Plans To Buy Cheddar

WebApr 11, 2024 · Darden Restaurants has received a consensus rating of Buy. The company's average rating score is 2.79, and is based on 19 buy ratings, 5 hold ratings, and no sell ratings. Price Target Upside/Downside According to analysts' consensus price target of $160.23, Darden Restaurants has a forecasted upside of 7.0% from its current price … WebMar 28, 2024 · Just before Tuesday's quarterly earnings call, Darden Restaurants announced plans to buy Cheddar's Scratch Kitchen for a cool $780 million, causing the … WebMar 27, 2024 · Darden Restaurants, Inc. (NYSE:DRI) today announced that it has completed the acquisition of Cheddar's Scratch Kitchen (Cheddar's) for $780 million in … opec cut production baseline