date:Mar 05, 2014
advertising and promotion and a revamped logo and restaurant design.
Not everyone is on board with Dardens efforts, however. Starboard Value L.P., which owns approximately 5.5% of Dardens outstanding common stock, recommended in a Jan. 21 letter that the casual-dining operator delay its spin-off of Red Lobster in pursuit of alternative options, such as a company-wide cost-reduction plan or sale of the companys real estate. And last September, Barington Capital Group, L.P., which holds more than