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Tag: Ian Baines

Darden Restaurants to add Cheddar’s Scratch Kitchen to its portfolio of differentiated brands

ORLANDO, Fla., 2017-Mar-30 — /EPR Retail News/ — Darden Restaurants, Inc. (NYSE: DRI) today (March 27, 2017) announced that it has agreed to acquire Cheddar's Scratch Kitchen (Cheddar's) for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners. Cheddar's will add to Darden's portfolio of…

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