Saturday, May 18, 2013
Yard House sells for $585 million
The owner of Olive Garden restaurants buys the chain from a former isle resident
POSTED: 01:30 a.m. HST, Jul 13, 2012
~~<p>The 39-unit Yard House USA Inc. restaurant chain founded by 1977 Our Redeemer Lutheran School graduate Steele Platt has been sold for $585 million to Olive Garden restaurants' parent company, Darden Restaurants Inc.</p>
<p>A sale had been anticipated since 2007 when TSG Consumer Partners LLC acquired 67 percent of Yard House, Platt told the Star-Advertiser. "That's their mantra, that's what they do."</p>
~~
The 39-unit Yard House USA Inc. restaurant chain founded by 1977 Our Redeemer Lutheran School graduate Steele Platt has been sold for $585 million to Olive Garden restaurants' parent company, Darden Restaurants Inc.
A sale had been anticipated since 2007 when TSG Consumer Partners LLC acquired 67 percent of Yard House, Platt told the Star-Advertiser. "That's their mantra, that's what they do." Login for more...
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