Articles > Popular publications > PR Newswire press releases > July-September 1995 > Tuesday, August 22

Article: DARDEN RESTAURANTS CLOSES CHINA COAST

Article from:
PR Newswire
Article date:
August 22, 1995
Copyright

ORLANDO, Fla., Aug. 22 /PRNewswire/ -- Darden Restaurants (NYSE: DRI) announced today it will discontinue the China Coast concept due to disappointing financial performance. The restaurant concept, which began expansion in 1993, failed to retain its initial strong opening volumes, and operating losses are well below recovery plans. The action was approved by the Darden Board of Directors on Monday.

Most of the employees will be offered positions at other Darden Restaurants, said Joe Lee, Chairman and CEO. I'm very proud of their effort. However, we decided to close China Coast now to stem further losses rather than continue through the end of the year. This is ... 







Read all of this article with a FREE trial
















Related newspaper, magazine, and journal articles:









  




 

    

 
 
   
 


   
  
  Article: Darden Restaurants carves dining niche with Smokey ...

  
  Knight Ridder/Tribune Business News; 
  December 7, 2004 ;  
  
  
 
  700+ words
... ... and steakhouse chains are today, Darden Restaurants thought it would hit the jackpot with its China Coast chain. Alas, Darden Restaurants was 10 years too early. China Coast, the first mass-scale Chinese ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: FIRST UNION COMPLETES THE SYNDICATION OF A $500 MILLION CREDIT ...

  
  PR Newswire; 
  May 23, 1995 ;  
  
  
 
  700+ words
... ... credit facility for Darden Restaurants, Inc. (DRI), the ... The Olive Garden and China Coast Restaurants. Darden Restaurants, a $3.1 billion ... extremely responsive to Darden Restaurants and we are looking forward ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: 1st Union leads $500M syndicate for Darden ...

  
  American Banker; 
  May 24, 1995 ;  
  
  
 
  700+ words
... ... completed syndication and closed a $500 million credit facility for Darden Restaurants Inc., the Orlando-based parent of Red Lobster, Olive Garden, and China Coast Restaurants. First Union National Bank of Florida served as administrative ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: Darden Restaurants, Inc.

  
  International Directory of Company Histories; 
   
  
  
 
  700+ words
... ... the United States and Canada, Darden Restaurants, Inc. began its existence ... Garden, and, until late 1995, China Coast. Founded in 1968 and acquired ... operated during the 1990s. Darden Restaurants ’ two newest concepts ... 







   
 




  




 

    

 
 
   
 


   
  
  Transcript: POWER LUNCH - Darden Restaurants, Incorporated - ...

  
  CNBC/Dow Jones Business Video; 
  March 24, 2000 ;  
  
  
 
  700+ words
... ... so let`s talk about Darden Restaurants Darden Restaurants Inc.; Ticker: DRI ... LEE, CHAIRMAN, CEO, DARDEN RESTAURANTS: Thank you, Bill ... Florida says, Why did China Coast fail? Was it due to ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: DARDEN RESTAURANTS REPORTS RESULTS

  
  PR Newswire; 
  June 27, 1995 ;  
  
  
 
  700+ words
... ... PRNewswire/ -- Darden Restaurants (NYSE: DRI) reported ... transitional year for Darden Restaurants, named after Red ... and President of China Coast. Joe Lee, Chairman ... Olive Garden and China Coast. Red Lobster's ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: Darden Restaurants' Acclaimed Concept Developer to ...

  
  PR Newswire; 
  March 20, 2007 ;  
  
  
 
  700+ words
... ... PRNewswire-FirstCall/ -- Darden Restaurants, Inc. today announced that ... concept in Minneapolis), China Coast, Bahama Breeze, Smokey Bones ... As a founding member of the Darden Restaurants Foundation Board of Trustees ... 







   
 




  




 

    

 
 
   
 


   
  
  Article: Darden Restaurants Building Prototype in Orlando, ...

  
  The Orlando Sentinel (Orlando, Florida) (via Knight-Ridder/Tribune Business News); 
  August 30, 2002 ;  
  
  
 
  700+ words
... ... Jerry W. Jackson Aug. 30--Darden Restaurants Inc. is building a prototype ... cuisine, after striking out with China Coast in the early 1990s. But building ... new business director for Darden Restaurants. Details in the plans do not ... 







   
 

























 



 





 






Newsweek
Harper's Magazine
The Washington Post
Chicago Tribune
Crain's Chicago Business
PRNewswire
Pediatric News
The Nation
Advertising Age
The Economist (US)
A FREE trial gives you access to over 80 million articles!
Access over 6,500 publications with a FREE trial!


  



Find articles, research, and archives