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Darden to sell Red Lobster, hold onto Olive Garden

washingtonexaminer.com

NEW YORK (AP) — Darden is setting Red Lobster adrift, but betting that it can still turn around Olive Garden's fortunes. The company, based in Orland, Florida, said Friday that it would sell its seafood chain to investment firm Golden Gate Capital in a $2.1 billion cash deal...

Mentions: Investment CEO