Is Olive Garden And Red Lobster Owned By The Same Company

Is Red Lobster and Olive Garden owned by the same company?

As of April 2017, the firm owns two fine dining restaurant chains: Eddie V's Prime Seafood and The Capital Grille; and six casual dining restaurant chains: Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House and Cheddar's Scratch Kitchen. Until J, Darden also owned Red Lobster.

Can I use my Olive Garden gift card at Red Lobster?

According to the corporate website Darden gift cards may be redeemed at any Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, Yard House, Red Lobster or any other Darden restaurant in the U.S.

What other restaurants are owned by Olive Garden?

Darden's family of restaurants features some of the most recognizable and successful brands in full-service dining — Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V's.

Is Olive Garden closing?

Luckily, the rumor, which started as the result of an online advertisement that ran in December of 2020, seems to be unfounded — meaning Olive Garden is (as far as we know) here to stay. ...

Is Olive Garden really Italian?

Olive Garden is an American casual dining restaurant chain specializing in Italian-American cuisine. It is a subsidiary of Darden Restaurants, Inc., which is headquartered in Orange County, Florida.

Who bought Red Lobster 2020?

Thai Union Golden Gate Capital to sell Red Lobster Seafood Co. to group led by Thai Union. A group of minority shareholders and current management of Red Lobster Seafood Co. is acquiring the casual-dining chain from Golden Gate Capital, the new controlling consortium said Monday.

Can you use Olive Garden gift card at other restaurants?

Olive Garden Gift Card. In Stock. ... Darden Restaurants gift cards can be redeemed at any Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, or Yard House in the U.S. Redemption: In-Restaurant and Online To Go.

When did Red Lobster and Olive Garden make a profit?

Red Lobster and Olive Garden were given makeovers in 1998. Darden also made a profit of $102 million that year. 1999 saw Darden opening additional location after recovering from the 1996–1997 losses. The company then began testing a new concept entitled Smokey Bones BBQ Sports Bar that opened in late 1999 in Orlando.

When was Olive Garden spun off from Darden Restaurants?

On , Darden announced that as part of the spinoff of Red Lobster, it was converting the co-located Red Lobster and Olive Garden locations into standalone Olive Garden locations. On , Darden announced it would be selling the Red Lobster seafood restaurant chain to Golden Gate Capital for US$ 2.1 billion.

How many Olive Garden restaurants are there in the US?

The chain took off, and by 1989 General Mills had opened over 145 restaurants, making the chain the fastest-growing unit in the company's restaurant holdings. While Olive Garden did not meet critical success, it was popular, and its per-restaurant sales soon grew to match those of Red Lobster.

Where was the first Red Lobster restaurant located?

He later founded the Red Lobster Inns of America and opened the first Red Lobster restaurant in Lakeland, Florida in 1968. Darden chose Lakeland because he wished to see how a seafood restaurant would fare in a non-coastal region, and Lakeland was the innermost city in Florida.