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PR Newswire
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Darden Restaurants Offers Barbecue Chain For Sale, Better Positioning Casual Dining Leader For Future Growth


ORLANDO, Fla., May 5 /PRNewswire-FirstCall/ -- Darden Restaurants, Inc. today announced the closure of 56 Smokey Bones Barbeque & Grill restaurants. Darden will offer the remaining 73 restaurants for sale - all located primarily in the eastern half of the United States.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050203/FLTH026LOGO)

The action comes as part of an overall effort by the company to better position Darden for future growth. Smokey Bones has lagged the performance of Darden's other brands as the barbecue concept's core guests chose to dine at Smokey Bones with less frequency.

The company had been testing the possibility of converting some units to a new format called Rocky River Grillhouse. That longer-term test featuring fire-grilled foods was predicated on Smokey Bones' ability to stabilize its business. Long-term performance declines, however, continued and recently accelerated, making that test not viable.

"This action in no way reflects adversely on the hard work of people associated with Smokey Bones and we will take care of every employee affected by this action," said Darden Chairman and CEO Clarence Otis. "The remaining Smokey Bones restaurants are a viable business, but one that is not consistent with Darden's vision for a national restaurant concept."

Remaining Smokey Bones restaurants are located primarily in the South, Mid-Atlantic, Midwest and New England.

The decision to sell Smokey Bones allows Darden to better focus its efforts on more productive businesses that will provide stronger opportunities for employees, said Drew Madsen, Darden's president and chief operating officer. The company will carefully evaluate each closing restaurant to determine whether it is suitable for use by one of Darden's other restaurant brands, and will begin marketing the remainder immediately.

"Many of these closed restaurants are valuable locations," Madsen said. "They just didn't work as barbecue restaurants. We expect these properties to serve the public again as vibrant restaurants and retail businesses."

Darden will give 4,000 employees who worked at closed Smokey Bones restaurants opportunities to transfer to other Darden locations. And for those who leave the company, Darden will provide support to help their transition.

"Darden is doing the difficult things required to grow," Otis said. "The company's long-term growth goals remain unchanged."

Darden, headquartered in Orlando, FL, owns and operates about 1,400 Red Lobster, Olive Garden, Bahama Breeze, Smokey Bones, and Seasons 52(R) restaurants. The company is the 25th largest employer in the United States with 160,000 employees. It is also the world's largest casual dining company with $5.7 billion in annual sales.

Smokey Bones and Rocky River Grillhouse Closed Restaurants (Listed alphabetically by state) State Market Address Location 1. AL MONTGOMERY, AL 2465 EASTERN BLVD. Across from Colonial Promenade Shopping Ctr. 2. AL MOBILE, AL 4011 AIRPORT BLVD Corner of Airport Blvd. and Azalea Rd. 3. AR FAYETTEVILLE, AR 643 E. VAN ASCHE DR Just south of Arkansas Mall 4. FL TALLAHASSEE, FL 3131 CAPITAL CIRCLE, NE At Exit 199, I-10 and Capital Circle NE 5. FL PENSACOLA, FL 4952 BAYOU BLVD At Bayou Blvd. entrance of Cordova Mall 6. FL FT. WALTON BEACH 321 MARY ESTHER Across from the FL BLVD. Santa Rosa Mall 7. GA DUNWOODY, GA 4764 ASHFORD At Ashford Place DUNWOODY RD 8. GA DULUTH, GA 1555 PLEASANT HILL At Sweetwater ROAD Blvd. and Pleasant Hill Road 9. GA ALPHARETTA,GA 7900 NORTH POINT Corner of North PARKWAY Pointe Pkwy. and Mansell 10. GA DOUGLASVILLE, GA 6855 DOUGLAS BLVD Across from Arbor P Place Mall 11. GA GAINESVILLE, GA 1701 BROWNS BRIDGE ROAD Across from Gallery Furniture 12. GA MORROW (SOUTHLAKE) 1971 MT. ZION ROAD Approximately 1 mile east of Southlake Mall 13. IL AURORA, IL 4435 FOX VALLEY CENTER East Side of Fox DRIVE Valley Mall 14. IL SCHAUMBURG, IL 680 N. MALL DRIVE South of Woodfield Mall 15. IL CHAMPAIGN, IL 1910 N. NEIL ST Neil St. and Convenience Center 16. IN EVANSVILLE, IN 6636 E. LLOYD EXPRESSWAY At Lloyd Crossing Shopping Center 17. IN MERRILLVILLE,IN 740 E. 81ST AVE At Star Plaza 18. IN CASTLETON, IN 5910 E. 82ND STREET At main entrance of (Rocky River Castleton Square Mall Grillhouse) 19. IN AVON, IN 10143 U.S. HWY 36 In the Target Shopping Center 20. IN MISHAWAKA, IN 4010 NORTH MAIN STREET Corner of Main Street and Day Road 21. IN INDIANAPOLIS 201 S. MERIDIAN ST At the corner of (Downtown), IN Georgia and Meridian downtown 22. IN BLOOMINGTON, IN 2980 W.WHITEHALL At Whitehall CROSSING BLVD Crossing 23. LA BATON ROUGE, LA 6330 SIEGEN LANE Quarter Mile East of I-10 24. LA SHREVEPORT, LA 7231 YOUREE DRIVE South on Youree Dr. before 70th St. 25. ME BANGOR, ME 605 HOGAN ROAD Across from the Bangor Mall 26. MO FENTON, MO (Rocky 140 GRAVOIS BLUFF In Gravois Bluffs River Grillhouse) CIRCLE Plaza 27. MO SPRINGFIELD, MO 2040 E. INDEPENDENCE Hwy 65 and 60 AVE 28. MO CHESTERFIELD,MO 17000 CHESTERFIELD RD In Chesterfield AIRPORT Commons 29. MS SOUTHAVEN, MS 6575 AIRWAYS BLVD On Airways 1/2 Mile South of Goodman Rd. 30. NC WILMINGTON, NC 1055 INTERNATIONAL DRIVE At Mayfaire Town Center 31. NH NEWINGTON, NH 5 PISCATAQUA DRIVE Across from Fox Run Mall 32. NH CONCORD, NH 317 LOUDON ROAD One light north of Steeplegate Mall 33. NY AMHERST, NY 4120 MAPLE ROAD Half-mile north of Niagara Falls Blvd. on Maple Rd. 34. OH DAYTON, OH 1060 MIAMISBURG 1 1/2 miles east CENTERVILLE RD of Dayton Mall on SR 725 35. OH CLEVELAND/ELYRIA, 1585 WEST RIVER RD Across from Midway Mall 36. OH TOLEDO, OH 4155 TALMADGE ROAD Across from the Westfield Mall 37. OH AKRON, OH (Rocky 283 HOWE AVENUE On Howe Ave. River Grillhouse) 38. OK OKLAHOMA CITY, OK 2521 W. MEMORIAL ROAD In front of Quail Springs Mall on Memorial 39. OK TULSA, OK 9111 E. 71ST STREET On 71st Between Mingo and Memorial 40. PA SCRANTON/DICKSON 4005 COMMERCE BLVD Near Viewmont Mall CITY PA 41. PA LANGHORNE, PA 2250 EAST LINCOLN HWY Next to Oxford Valley Mall 42. PA PHILADELPHIA, PA 9495 EAST ROOSEVELT BLVD At the corner of Grant and Roosevelt Blvd. 43. RI PROVIDENCE, RI 134 PROVIDENCE PLACE MALL In Providence Place Mall 44. SC COLUMBIA, SC 410 COLUMBIANA DRIVE Near Columbiana Centre 45. SC MYRTLE BEACH, SC 1218 NORTH RETAIL COURT At Coastal Grand Mall 46. TN MEMPHIS, TN 6980 WINCHESTER ROAD Intersection of Winchester & Riverdale roads. 47. TN BRENTWOOD/COOL 1634 SERVICE MERCHANDISE I-65 & Moores Lane RD Exit 48. TN BARTLETT, TN 8324 HWY 64 Across from Wolf Chase Mall 49. TX HOUSTON/ 7465 WEST GREENS ROAD 249/Tomball Parkway, WILLOWBROOK, TX exit at Greens Road 50. TX WACO, TX 4719 S. JACK KULTGEN In Central Texas FREEWAY Marketplace 51. TX SOUTH AUSTIN, TX 901 C LITTLE TEXAS LANE Next to Metropolitan Movie Theatre 52. TX HUMBLE, TX 20502 HIGHWAY 59 Hwy 59 (Townsend Exit), East of Deerbrook Mall 53. TX SAN ANTONIO, TX 14402 NORTH US HWY 281 US HWY 281 NORTH just north of Bitters Rd. 54. WI MADISON, WI 418 S. GAMMON ROAD Near West Towne Mall 55. WI ASHWAUBENON, WI 2475 S. ONEIDA STREET Located at Bay Park Square Mall 56. WV CHARLESTON, WV 121 CROSS TERRACE BLVD In South Ridge Center
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050203/FLTH026LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

Lithium vs. Palladium - Zwei Rohstoff-Chancen traden
In diesem kostenfreien PDF-Report zeigt Experte Carsten Stork interessante Hintergründe zu den beiden Rohstoffen inkl. . Zudem gibt er Ihnen konkrete Produkte zum Nachhandeln an die Hand, inkl. WKNs.
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