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Darden expands into Malaysia

Darden Restaurants is expanding into Malaysia.

Orlando-based Darden has signed an agreement with Secret Recipe, an Asian restaurant-operating company, to open at least 13 Red Lobsters, Olive Gardens and LongHorn Steakhouses.

Darden is turning more to international development for Olive Garden and Red Lobster, as growth in the United States has slowed. Last week, the company cut 85 corporate positions as it released another disappointing earnings report, with profit down 37.6 percent.

Darden currently franchises 44 restaurants to local operators in seven countries abroad including 30 Red Lobsters, six Olive Gardens, seven LongHorns and one Capital Grille.

Darden is also establishing what it says will be the world's largest lobster farm in Malaysia. The farm will eventually employ 12,000 workers and produce 40 million pounds of lobsters each year, the company says.

Copyright © 2015, CT Now
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