Overview

• The acquisition closed on July 14, transferring all eight Canadian Olive Garden sites in British Columbia, Alberta, Saskatchewan and Manitoba to Recipe Unlimited.
• Recipe Unlimited secured exclusive development rights from Darden Restaurants Inc. to expand the Olive Garden brand across Canada.
• No purchase price or financial terms have been disclosed in official statements.
• The deal adds Olive Garden to Recipe Unlimited’s portfolio of more than 1,200 locations, which includes Swiss Chalet and The Keg.
• Specific opening dates for new restaurants will be announced once site selection and planning are completed.