Darden Restaurants Reaches Agreement With CMR to Enter Mexico

Darden Restaurants Inc., operator of Darden’s Red Lobster and Olive Garden restaurants, signed an agreement with Corp. Mexicana de Restaurantes to open at least 37 locations in the Latin American nation over the next five years.

The Orlando-based Darden didn’t specify the investment amount. CMR operates more than 100 restaurants in 26 cities throughout the country.

To contact the reporter on this story: Adriana Lopez Caraveo in Mexico City at adrianalopez@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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