Nike Air Max 90 Mens White/Gray/Infrared/Black

Nike Air Max 90 Mens White/Gray/Infrared/Black

Nike Air Max 90 Mens White/Gray/Infrared/Black

Darden announces sale of Red Lobster for

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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.

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Darden CEO Clarence Otis said Red Lobster has been unable to capture higher income customers.

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NEW YORK (AP) Darden Restaurants says it will sell its Red Lobster chain to investment firm Golden Gate Capital in a $2.1 billion cash Nike Air Max 90 Mens White/Gray/Infrared/Black deal.

But Darden sees more potential in fixing Olive Garden, which the company says fits with its other, smaller restaurant Air Max 90 Ultra Essential (Women) 102

Investors have nevertheless challenged Darden's plans to sell only Red Lobster, saying that the company should separate Olive Garden and Red Lobster as a pair from the more successful smaller chains, which include Longhorn Steakhouse and Capital Grille.

Nike Air Max 90 Mens White/Gray/Infrared/Black

Nike Air Max 90 Mens White/Gray/Infrared/Black

Nike Air Max 90 Mens White/Gray/Infrared/Black

Nike Air Max 90 Mens White/Gray/Infrared/Black

Both Olive Garden and Red Lobster have been losing customers in recent years, and the company has tried various menu changes and different marketing campaigns in hopes of winning back business.

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