Olive Garden’s Parent Company to Shut Down All Bahama Breeze Locations
‘Bar Rescue’ host Jon Taffer joins ‘Varney & Co.’ to discuss how weight loss drugs, inflation and rising costs are reshaping America’s restaurant industry.
Darden Restaurants made headlines on Tuesday with the announcement of the closure of its Bahama Breeze chain, which has been in operation for nearly three decades. This decision marks a significant shift for the Orlando-based company, which will permanently shut down 14 of the 28 Bahama Breeze restaurants while converting the remaining locations into other Darden brands.
The restaurants designated for closure will continue to operate until April 5, as stated by Darden. This timeline allows for a smooth transition for employees and customers alike.
RESTAURANT GIANT FILES FOR BANKRUPTCY UNDER MASSIVE DEBT SHORTLY AFTER TOUTING MAJOR EXPANSION
Sign in front of a Darden Restaurants Inc. Bahama Breeze Island Grille in Schaumburg, Illinois, on June 22, 2017. (Daniel Acker/Bloomberg via Getty Images)
The conversion of the remaining 14 locations is expected to take between 12 to 18 months. Darden has assured that these restaurants will remain operational until any necessary temporary closures occur during the conversion process.
A vehicle sits parked outside a Bahama Breeze restaurant in Schaumburg, Illinois, on June 22, 2017. (Daniel Acker/Bloomberg via Getty Images)
While Darden has not specified which brands the Bahama Breeze locations will be converted into, the company’s portfolio includes popular chains such as Olive Garden, Yard House, Ruth’s Chris Steak House, and Eddie V’s. This strategic move is aimed at optimizing the use of valuable real estate.
THIS RESTAURANT IS THE BEST PLACE TO EAT IN THE US, ACCORDING TO YELP
Darden expressed confidence in the conversion process, stating, “The company believes the conversion locations are great sites that will benefit several of the brands in its portfolio.” The primary focus moving forward will be on supporting team members, with efforts to place as many as possible in roles within the Darden portfolio.
Most of the locations that will be converted into other brands are in Florida. (Daniel Acker/Bloomberg via Getty Images)
The Bahama Breeze locations set for permanent closure are spread across several states, including Delaware, Georgia, Michigan, New Jersey, North Carolina, Pennsylvania, Virginia, and Washington. Darden has indicated that most of the locations being converted are in Florida, with additional restaurants in Georgia, North Carolina, South Carolina, and Virginia.
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In a positive note for investors, shares of Darden Restaurants have risen over 14% year to date, reflecting the company’s ongoing efforts to adapt and thrive in a challenging economic landscape.
‘Bar Rescue’ host Jon Taffer joins ‘Varney & Co.’ to discuss how weight loss drugs, inflation and rising costs are reshaping America’s restaurant industry.
Darden Restaurants made headlines on Tuesday with the announcement of the closure of its Bahama Breeze chain, which has been in operation for nearly three decades. This decision marks a significant shift for the Orlando-based company, which will permanently shut down 14 of the 28 Bahama Breeze restaurants while converting the remaining locations into other Darden brands.
The restaurants designated for closure will continue to operate until April 5, as stated by Darden. This timeline allows for a smooth transition for employees and customers alike.
RESTAURANT GIANT FILES FOR BANKRUPTCY UNDER MASSIVE DEBT SHORTLY AFTER TOUTING MAJOR EXPANSION
Sign in front of a Darden Restaurants Inc. Bahama Breeze Island Grille in Schaumburg, Illinois, on June 22, 2017. (Daniel Acker/Bloomberg via Getty Images)
The conversion of the remaining 14 locations is expected to take between 12 to 18 months. Darden has assured that these restaurants will remain operational until any necessary temporary closures occur during the conversion process.
A vehicle sits parked outside a Bahama Breeze restaurant in Schaumburg, Illinois, on June 22, 2017. (Daniel Acker/Bloomberg via Getty Images)
While Darden has not specified which brands the Bahama Breeze locations will be converted into, the company’s portfolio includes popular chains such as Olive Garden, Yard House, Ruth’s Chris Steak House, and Eddie V’s. This strategic move is aimed at optimizing the use of valuable real estate.
THIS RESTAURANT IS THE BEST PLACE TO EAT IN THE US, ACCORDING TO YELP
Darden expressed confidence in the conversion process, stating, “The company believes the conversion locations are great sites that will benefit several of the brands in its portfolio.” The primary focus moving forward will be on supporting team members, with efforts to place as many as possible in roles within the Darden portfolio.
Most of the locations that will be converted into other brands are in Florida. (Daniel Acker/Bloomberg via Getty Images)
The Bahama Breeze locations set for permanent closure are spread across several states, including Delaware, Georgia, Michigan, New Jersey, North Carolina, Pennsylvania, Virginia, and Washington. Darden has indicated that most of the locations being converted are in Florida, with additional restaurants in Georgia, North Carolina, South Carolina, and Virginia.
CLICK HERE TO GET FOX BUSINESS ON THE GO
In a positive note for investors, shares of Darden Restaurants have risen over 14% year to date, reflecting the company’s ongoing efforts to adapt and thrive in a challenging economic landscape.
