Darden to Spin or Sell Red Lobster
( 01:13 )
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Darden will pull Red Lobster off its menu of restaurants. It plans to spin off the chain, but may consider selling it. The operator of brands like Olive Garden and LongHorn Steakhouse will also hold off on acquiring new brands for now. Darden has been struggling as consumers have crimped on dining out, opting instead for cheaper fast-casual alternatives like Chipotle.

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