Despite a recent reports that said seafood chain Red Lobster would be closing its doors, parent company Darden Restaurants says that’s bogus.
According to a press release from Darden, they are planning to
“separate Red Lobster” from the company… and execute a “tax-free spin-off”,
though a final decision has yet to be made.
“Although no final decision has been made on the form of the separation, the Company expects to execute a tax-free spin-off of Red Lobster to its shareholders, but may also consider a sale of the Red Lobster business,”
said the press release.
In a tweet Friday (Dec. 27), Darden wrote (@RedLobster):
“To clarify, reports that @RedLobster is closing are false. We’re looking forward to your next visit!”
So, it looks like restaurant goers can relax … for now.