Announced

Completed

Recipe Unlimited completed the acquisition of eight Olive Garden restaurants in Canada from Darden Restaurants.

Synopsis

Recipe Unlimited, a Canadian full-service restaurant company, completed the acquisition of eight Olive Garden restaurants in Canada from Darden Restaurants, an American multi-brand restaurant operator. Financial terms were not disclosed. “We are incredibly excited to welcome Olive Garden into the Recipe family. Olive Garden is a brand with a strong legacy of success and a loyal following, and we see immense potential for growth across Canada. This acquisition and subsequent development agreement align perfectly with our strategy to expand our presence in the casual dining segment with leading brands that resonate with Canadian consumers," Frank Hennessey, Recipe Unlimited CEO.

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