Darden Restaurants (DRI) Expands in Puerto Rico with New Agreement with ROI

Darden Restaurants, Inc. (NYSE: DRI) has entered into an area development agreement with Restaurant Operators, Inc. (ROI) to develop and operate Darden's Olive Garden and LongHorn Steakhouse brands in Puerto Rico. ROI already operates five LongHorn units in Puerto Rico as part of an agreement that was executed prior to Darden's 2007 acquisition of RARE Hospitality Inc. The new agreement calls for ROI to initially develop a minimum of three additional LongHorn and eight Olive Garden restaurants over the next five years.

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