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Clarence Otis

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  • Darden will spin off or sell Red Lobster, stop expanding Olive Garden

    Darden will spin off or sell Red Lobster, stop expanding Olive Garden
    Darden Restaurants Inc. said it would separate itself from its Red Lobster business while halting expansion at Olive Garden and stopping acquisitions “for the foreseeable future.”
  • Darden's Olive Garden, Red Lobster sales disappoint

    Darden's Olive Garden, Red Lobster sales disappoint
    Darden Restaurants Inc.’s efforts to spruce up Olive Garden’s lagging sales, including national promotions and cost cuts, were “less effective than anticipated,” the company said while announcing its fiscal fourth-quarter...

    Darden missteps, 'Obamacare' flap dent Olive Garden owner's profit

    Darden missteps, 'Obamacare' flap dent Olive Garden owner's profit
    Darden Restaurants Inc.’s second quarter was far from appetizing, as the owner of Olive Garden and Red Lobster watched its net income plunge 37%. The Orlando, Fla., restaurant company saw the sour numbers coming. Earlier in December, citing a...

    Petition calls out restaurant execs on 'Obamacare' [Google+ Hangout]

    The same day that Olive Garden parent Darden Restaurants Inc. said it will not bump down existing full-time workers to part-time status to skirt healthcare costs, a petition calling on the company’s chief executive to clarify his position is gaining...

    Olive Garden parent Darden's earnings slip 28%

     
    low sales at Olive Garden push Darden's earnings down 28%