Darden Foods has announced the sell of Red Lobster to Golden Gate - TopicsExpress

Darden Foods has announced the sell of Red Lobster to Golden Gate Capital for $2.1 billion in cash without a shareholder vote.. The CEO, Clarence Otis, a Black man, cited the main reason for the sell is because it has become increasingly unable to attract the high income customers Darden caters to with its more successful chains,... including Longhorn Steakhouse, the Capital Grille and seasons 52. It is believed that over 50.0% of Red lobsters customers are Black. Do you think this fact figured into the decision to sell? news.investors/business/051614-701139-darden-sells-red-lobster-despite-starboard-objections.htm

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