Owners of the Bahama Breeze restaurant chain said that they are considering selling the brand and have shut down over a dozen locations. In an earnings call on Friday, June 20, Darden Restaurants CEO Ricardo Cardenas said they "will be considering strategic alternatives" for Bahama Breeze, such as selling the brand to a new owner or "converting restaurants to other Darden brands."
Bahama Breeze said it closed several branches in May (X)
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Darden Restaurants' portfolio also includes Olive Garden, LongHorn Steakhouse, Ruth's Chris Steak House, and Yard House. However, Cardenas said that Bahama Breeze is not a ‘strategic priority’.
"After further review, we have made the difficult decision that these remaining locations and the Bahama Breeze brand are not a strategic priority for us," Cardenas said, according to USA Today. The company shut down 15 restaurant locations in May. Their 28 ‘highest performing’ restaurants are still in operation. There is no official timeline for a potential sale, and no reports list interested buyers.
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