When the closure was announced, it was stated by the parent company that all Olive Gardens in Ontario and all Red Lobsters in Quebec would be closing. All other provinces were status-quo.
Olive Garden did not go out of business in 2020, but that’s not to say it hadn’t faced financial hardship during the COVID-19 pandemic. The coronavirus had led to the closure of dine-in services at thousands of different restaurants across the United States.
Without government help, small operators are closing by the score. This means chains like Darden may be all that’s left when people again feel safe to eat out. Darden has managed to make money at Olive Garden while closing half its tables. It reinstated the dividend and paid back its $270 million emergency loan.
Darden Restaurants owns the Olive Garden brand, as well as LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V’s. On Dec. 9, 2020,
Is Olive Garden closing?
Olive Garden Is Doing Well Despite Old Rumors Of Closing Forever. There has been some chatter on the internet spreading the word that the popular Italian chain restaurant Olive Garden may soon be closing their doors for good.
While other chains have filed for bankruptcy, Olive Garden has managed to stay afloat. As far as restaurants that may actually be closing, the Money Pop article mentioned only a handful that had filed for bankruptcy and may soon be forced to close their doors for good (via archive.today ).
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