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Darden Enters Development Agreement With International Meal Company

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Darden Restaurants Inc. (DRI: Quote) announced it has entered into an area development agreement with International Meal Company to develop and operate 57 restaurants under Darden's Red Lobster, Olive Garden and LongHorn Steakhouse brands in Brazil, Colombia, the Dominican Republic and Panama.

IMC is Brazil's leading, multi-brand, quick casual restaurant company, with more than 350 company-owned restaurants and approximately 12,000 employees. The company operates the Frango Assado and Viena flagship brands.

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by RTT Staff Writer

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