Tuesday, March 28, 2017

Darden to buy Cheddar’s for $780M

Image result for cheddar's scratch kitchenDarden Restaurants Inc. said on Monday that it has agreed to buy Cheddar’s Scratch Kitchen from the private-equity groups L Catterton and Oak Investment Partners for $780 million in an all-cash deal.

The acquisition, coming three years after Darden sold Red Lobster, gives the Orlando-based casual-dining operator its eighth concept — along with Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s.. . . more

No comments: