700 store US chain sold

  Darden Restaurants is selling its Red Lobster chain to investment firm Golden Gate Capital in a $US2.1 billion ($A2.2 billion) cash deal. The company, which also owns Olive Garden, had announced late last year that it planned to either spin off or sell Red Lobster to improve its financial performance. Both Olive Garden and Red Lobster have been losing customers in recent years, even as the company changed the menus and marketing campaigns to win back business. Part of the problem is the g

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