Find in the news:
BY COUNTRY

Darden Scoops Up Chain For Cool $780M



The company has snapped up Texas-based Cheddar’s Scratch Kitchen for a cool $780 million.
Industry giant Darden Restaurants has added another name to its lineup. As Business Insider shares, the company has snapped up Texas-based Cheddar’s Scratch Kitchen for a cool $780 million. 

Cheddar’s is a smaller chain that traces its roots back to 1979. Known for dishes such as its house-smoked baby back ribs and its famous Monte Cristo sandwich, the chain currently has 165 locations spread across 28 different states. Based on online reviews, the chain is a pretty big hit with patrons, who note things such as reasonable prices, consistent service, and sizable portions. While it doesn’t boast the store count of other traditional chains under the Darden umbrella, the company views it as a perfect addition to its huge portfolio.

Photo from Cheddar's Facebook

"Cheddar's is an undisputed casual dining value leader with broad appeal and strong average restaurant volumes. Cheddar's is a great fit in the Darden portfolio because it complements our existing brands. This addition will also enable Darden to further strengthen two of our most important competitive advantages: our significant scale and our extensive data and insights," said Darden CEO Gene Lee in a release announcing the acquisition. 

"We are excited about the opportunity to be a part of Darden. Our operating philosophy and values are similar, and we believe this transaction provides an excellent opportunity for our team members to continue to grow and develop in their careers. Additionally, Darden's expertise will enable us to further capitalize on our growth potential," added Ian Baines, Cheddar's CEO.  

It’s easy to see Cheddar’s expanding its footprint now that it’s in the Darden family. The chain’s tagline and focus on scratch cooking should continue to resonate with today’s consumer now that it has, even more, exposure. Today’s restaurant patrons are increasingly mindful of exactly what goes into the food they eat, and chains and brands that use the freshest ingredients continue to gain traction and market share.   

“We take the time to make our food from scratch in our kitchen because it just tastes better. We start with quality ingredients to prepare delicious homemade entrees and sides,” notes Cheddar’s website. 

Cheddar’s joins a stocked Darden lineup that includes favorites such as LongHorn Steakhouse, Olive Garden, Bahama Breeze and Yard House. The Florida-based company boasts more than 1,500 locations and 150,000 employees across its various brands, which makes it the world’s largest full-service restaurant company. 

More about shopping malls in the USA



YESTERDAY, Austria:
The crystal jewelry maker will focus on fewer stores with more space.
YESTERDAY, Germany:
The sale of the famous worldwide brand with a 250-year history is estimated at $4.8 billion.
YESTERDAY, Netherlands:
Two months before the official opening, 20 more brands have been added to the mall's list of brands.
DAY BEFORE YESTERDAY, China:
LWK + PARTNERS has revealed the winning designs of the two most prominent components of Zhongshan OCT Harbour in Zhongshan, China.
Jan 20, 2021, Singapore:
Anime fans will find a wide range of products and a vivid experience with elements of total immersion in the world of Japanese animation.
Jan 20, 2021, China:
A growing interest in Realme products could lead to the brand opening retail stores around the world.
Friend
and Follow
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us