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Olive Garden’s Parent Company Buys Competing Chain

Source: Diaper via flickr

Following what appeared to be a bleak business year for Darden Restaurants – the parent-company of Olive Garden and Red Lobster, things seem to be looking up.  Darden Restaurants announced the agreement to purchase the Yard House chain for $585 million dollars in cash.

The chain, which was launched in 1996, now has 39 restaurants across 13 states. Yard House features a soundtrack of rock music and an energetic atmosphere.

If regulators agree, the deal would close this fall.

Darden Restaurants to buy Yard House chain for $585 million – latimes.com.

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