Highlights
Orlando-based Darden Restaurants is considered the world's largest casual dining restaurant company in terms of market share and annual sales. Restaurant entrepreneur Bill Darden, who opened the first Red Lobster restaurant in Lakeland in 1968, founded the company. Darden is considered one of the pioneers in the development of full-service chain restaurants in the United States.
Since its founding, it has grown to operate more than 1,700 restaurants in North America with about 170,000 employees. Darden was a subsidiary of General Mills from 1970 until 1995, when it was spun off as a separately held publicly traded company. The company's headquarters was moved to Orlando when it beca...
Since its founding, it has grown to operate more than 1,700 restaurants in North America with about 170,000 employees. Darden was a subsidiary of General Mills from 1970 until 1995, when it was spun off as a separately held publicly traded company. The company's headquarters was moved to Orlando when it beca...
Orlando-based Darden Restaurants is considered the world's largest casual dining restaurant company in terms of market share and annual sales. Restaurant entrepreneur Bill Darden, who opened the first Red Lobster restaurant in Lakeland in 1968, founded the company. Darden is considered one of the pioneers in the development of full-service chain restaurants in the United States.
Since its founding, it has grown to operate more than 1,700 restaurants in North America with about 170,000 employees. Darden was a subsidiary of General Mills from 1970 until 1995, when it was spun off as a separately held publicly traded company. The company's headquarters was moved to Orlando when it became a division of General Mills.
Darden is most closely associated with its two largest restaurant brands: Red Lobster and Olive Garden. Both of those chains now have more than 600 locations. The company's attempt to diversify its restaurant holdings has had mixed results. In 1995, Darden shut down an internally developed Chinese restaurant chain called China Coast. Since its spin-off, Darden has also created a barbecue and sports bar-themed restaurant group called Smokey Bones, a Caribbean-themed chain called Bahama Breeze, and a higher-end group of restaurants called Seasons 52. The company announced its intention to sell its Smokey Bones restaurants in May 2007, admitting that the brand did not have the potential to become a national chain. In August, Darden agreed to purchase Rare Hospitality International, which operates the LongHorn Steakhouse and Capital Grille restaurant chains, for an estimated value of $1.4 billion.
Clarence Otis, who took over the company from long-time chief Joe Lee in 2005, serves as chairman and chief executive officer. Darden posted $5.6 billion in annual sales in fiscal year 2007. Its shares are traded on the New York Stock Exchange under the ticker symbol DRI.
Since its founding, it has grown to operate more than 1,700 restaurants in North America with about 170,000 employees. Darden was a subsidiary of General Mills from 1970 until 1995, when it was spun off as a separately held publicly traded company. The company's headquarters was moved to Orlando when it became a division of General Mills.
Darden is most closely associated with its two largest restaurant brands: Red Lobster and Olive Garden. Both of those chains now have more than 600 locations. The company's attempt to diversify its restaurant holdings has had mixed results. In 1995, Darden shut down an internally developed Chinese restaurant chain called China Coast. Since its spin-off, Darden has also created a barbecue and sports bar-themed restaurant group called Smokey Bones, a Caribbean-themed chain called Bahama Breeze, and a higher-end group of restaurants called Seasons 52. The company announced its intention to sell its Smokey Bones restaurants in May 2007, admitting that the brand did not have the potential to become a national chain. In August, Darden agreed to purchase Rare Hospitality International, which operates the LongHorn Steakhouse and Capital Grille restaurant chains, for an estimated value of $1.4 billion.
Clarence Otis, who took over the company from long-time chief Joe Lee in 2005, serves as chairman and chief executive officer. Darden posted $5.6 billion in annual sales in fiscal year 2007. Its shares are traded on the New York Stock Exchange under the ticker symbol DRI.
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As grocers, restaurants bicker, many menus still lack calorie counts
Three years after Congress voted to require it, you still won't find calories listed on the menus of most restaurant chains. The problem? The federal government has yet to write the specific rules to carry out the law, in part because supermarkets are...
Tags: Sandwiches, Foods and Beverages, Publix Super Markets Inc., Pizzas, Crime, Law and Justice
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Darden tries out Atrium bar area
Wedged between its latest combination of Olive Garden and Red Lobster in Wilkesboro, N.C., Darden Restaurants is testing a bar called Atrium. Atrium offers its own menu. It has alcohol and foods such as flatbreads, tacos and mini-sandwiches that...
Tags: Dining and Drinking, Olive Garden, New York City, Restaurant and Catering Industry, International Drive
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Yard House will open on I Drive
Yard House, the upscale bar-and-grill chain purchased by Darden Restaurants last year, will open its first Orlando location at the I-Drive Live complex now under construction. Orlando-based Darden said Wednesday the International Drive restaurant will...
Tags: Palm Beach Gardens, Bars and Clubs, Coral Gables, Dining and Drinking, Orlando Restaurants
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Bill would tighten tax incentives on pollution
Businesses would no longer receive state tax breaks simply because of perceived pollution on their properties if Gov. Rick Scott signs a bill approved by the Florida Legislature earlier this month. Last year, the Orlando Sentinel reported that Florida...Tags: Environmental Pollution, Politics, Business, Rick Scott, Criminal Minds: Suspect Behavior (tv program)
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United Arts fundraising beats goal
United Arts of Central Florida's annual public-fundraising campaign had its strongest result in five years, officials said, beating its 2013 goal by almost $390,000. Individuals donated $1.96 million to the three-month fund drive that supports more than...
Tags: Arts, Orlando Science Center, Orlando Restaurants, Politics, Arts and Culture
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Part-timers to lose pay amid health act's new math
Los Angeles TimesMany part-timers are facing a double whammy from President Obama's Affordable Care Act. The law requires large employers offering health insurance to include part-time employees working 30 hours a week or more. But rather than provide healthcare to more...Tags: Sales, Labor Markets, Government Health Care, Healthcare Laws, Career and Workplace
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Orlando: Where restaurants roll out new ideas
When the restaurant industry needs guinea pigs, it often finds them in Central Florida. Orlando-area residents have recently sampled new Chick-fil-A salads, a healthy Cracker Barrel menu and Red Lobster's pay-at-the-counter option before most other...
Tags: University of Denver, Orlando, Foods and Beverages, Miami (Miami-Dade, Florida), Salads
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Senate approves bill to prevent local sick-time laws
TALLAHASSEE — The Florida Senate passed a response to Orange County's sick-pay battle Friday — a measure that would prevent local governments from adopting leave policies until after a state study. The bill (HB 655) cleared the Senate 25-13,...
Tags: Employee Benefits, Labor Markets, Orlando, Politics, Orange County (Florida)
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Most kids' meals still far from healthful, group warns
Even though children's nutrition has received lots of attention the past few years, you're still more likely to find chicken fingers and fries on kids' menus than wraps and salads. Ninety-seven percent of major restaurant-chain children's meals were...
Tags: IHOP Corporation, Foods and Beverages, Consumers, Healthy Diet, Hamburgers
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Chamber cheers bill to block local sick pay efforts, while churches, police union object
Central Florida Political Pulse - Orlando SentinelA bill to block paid sick time referendums such as the one pending in Orange County continued to glide through the state Senate this week while a companion measure now sits on the House calendar, a legislative push the Florida Chamber of Commerce strongly... -
Diners snub old-school chains in favor of faster fare
Casual dining is in the throes of a midlife crisis. A quarter-century ago, consumers feasted on fried appetizers, unlimited breadsticks and big desserts at Applebee's, Olive Garden and Chili's. Today, many Americans are trading those restaurants in...
Tags: IHOP Corporation, Cheesecake Factory, Consumers, Corporate Officers, Economy, Business and Finance
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The 25 Most Powerful People in Central Florida
Taking Names the Blog - Orlando SentinelOver two days, we revealed this year's list of “The 25 Most Powerful People in Central Florida” — as chosen by a panel of leaders from the business, nonprofit and political communities. Below is the full list of 25 - with nutshell...
May 19, 2013
|Story| Orlando Sentinel
May 19, 2013
|Story| Orlando Sentinel
May 15, 2013
|Story| Orlando Sentinel
May 12, 2013
|Story| Orlando Sentinel
May 4, 2013
|Story| Orlando Sentinel
May 2, 2013
|Story| Los Angeles Times
Apr 27, 2013
|Story| Orlando Sentinel
Apr 26, 2013
|Story| Orlando Sentinel
Apr 9, 2013
|Story| Orlando Sentinel
Mar 22, 2013
| Orlando Sentinel
Mar 2, 2013
|Story| Orlando Sentinel
Jan 2, 2013
| Orlando Sentinel
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