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In 1995, General Mills decided to spin off its restaurant chains to focus on consumer food products. The new company was named Darden Restaurants, after Red Lobster's founder. General Mills stockholders received one share of Darden for every common share of General Mills held. General Mills restaurants had $108 million net income in that year.
Olive Garden is an American casual dining restaurant chain specializing in Italian-American cuisine. It is a subsidiary of Darden Restaurants, Inc., which is headquartered in Orange County, Florida. [1] As of 2022, Olive Garden restaurants accounted for $4.5 billion of the $9.63 billion revenue of its parent, Darden.
Good Earth (restaurant chain) Good Earth was a natural foods restaurant chain and bakery originally founded in Reno, Nevada, by William Galt and Nancy Galt. The Galts sold the concept to General Mills in 1980. [ 1] After expansion to more than 50 locations across the United States, the concept lost popularity.
In 1980, General Mills acquired the California-based Good Earth health food restaurant chain. [18] The company eventually converted the restaurants into other chain restaurants they were operating, such as Red Lobster. [19] [20] In 1982, General Mills Restaurants founded a new Italian-themed restaurant chain called Olive Garden.
Red Lobster Hospitality, LLC is an American casual dining restaurant chain headquartered in Orlando, Florida.The company has operations across most of the United States (including Puerto Rico and Guam) and Canada, as well as in China, Ecuador, Japan, Malaysia, Mexico, Philippines, Turkey and the United Arab Emirates; as of June 23, 2020, the company had 719 locations worldwide.
York Steak House was a national chain of steakhouse restaurants in the United States. It was among several chains owned at the time by cereal manufacturer General Mills. By 1982, there were nearly 200 restaurants in 27 states from Texas to Maine. [1] Though popular in the late 1970s and early 1980s, the majority of its locations shut down in 1989.
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Ponderosa Steakhouse and Bonanza Steakhouse are a chain of buffet/steakhouse restaurants that are a part of Homestyle Dining LLC based in Plano, Texas. [ 3] Its menu includes steaks, seafood, and chicken entrées, all of which come with their buffet. A lunch menu is also served. Unlike other chains with two names, such as Checkers and Rally's ...