Nicholas Eckhart

Bob Evans Selling Off All Restaurants For $565M To Focus On Packaged Foods

The house of Bob Evans is about to be divided between the packaged foods business and the company’s restaurant brand: Bob Evans Farms Inc. says it’s decided to sell off its eateries to a private equity firm for $565 million and throw its efforts into selling sausage and side dishes in grocery stores. [More]

(JeepersMedia)

Darden Restaurants Selling Off Red Lobster Chain For $2.1 Billion

As was foretold back in December, Darden Restaurants is chucking its catch back into the sea, and getting a nice chunk of change for it: The company announced that it’s selling seafood chain Red Lobster off to investment firm Golden Gate Capital for $2.1 billion in cash. [More]