ROI to Develop Red Lobster Restaurants in Puerto Rico
Leading restaurant operator now has exclusive rights to develop Darden's three
largest brands on the island of Puerto Rico
ORLANDO, Fla., Jan. 22, 2013
ORLANDO, Fla., Jan. 22, 2013 /PRNewswire/ -- Darden Restaurants, Inc. (NYSE:
DRI) today announced that it has amended its Area Development Agreement with
Restaurant Operators, Inc. (ROI) to include Red Lobster, America's leading
seafood restaurant. The amended agreement now calls for ROI to initially
develop a minimum of eight Olive Garden, three Red Lobster and three
additional LongHorn Steakhouse restaurants in Puerto Rico by 2017.
ROI already operates five LongHorn units in Puerto Rico as part of an
agreement that was executed prior to Darden's 2007 acquisition of RARE
"ROI is a tremendous partner, and we are thrilled they will now bring Darden's
three largest brands to Puerto Rico," said Kim Lopdrup, senior vice president
of Business Development for Darden.
"We are proud to include the Red Lobster, Olive Garden and LongHorn Steakhouse
brands in our portfolio of restaurants," said ROI CEO Jorge Colon-Gerena.
"Each brand is the best in its segment and meets the criteria of the brands we
represent – quality, service, innovation, great taste, exciting menu, and
casual family dining experience. We look forward to growing these brands in
the years to come."
About Darden Restaurants
Darden Restaurants, Inc., (NYSE: DRI), the world's largest full-service
restaurant company, owns and operates more than 2,000 restaurants that
generate over $8.0 billion in annual sales. Headquartered in Orlando, Fla.,
and employing more than 190,000 people, Darden is recognized for a culture
that rewards caring for and responding to people. In 2013, Darden was named to
the FORTUNE "100 Best Companies to Work For" list for the third year in a row
and is the only full-service restaurant company to ever appear on the list.
Our restaurant brands – Red Lobster, Olive Garden, LongHorn Steakhouse, Bahama
Breeze, Seasons 52, The Capital Grille, Eddie V's and Yard House – reflect the
rich diversity of those who dine with us. Our brands are built on deep
insights into what our guests want. For more information, please visit
SOURCE Darden Restaurants, Inc.: General
Contact: Rich Jeffers, +1-407-245-4189, firstname.lastname@example.org
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