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  • 2020-12-11 (xsd:date)
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  • Is Olive Garden Going Out of Business? (en)
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  • In December 2020, an online advertisement displayed a picture of an Olive Garden Italian Restaurant sign along with text that read: Closing Time: Here's All The Restaurant Chains Closing in 2020. This advertisement was misleading. Olive Garden is not closing all of its restaurants. Readers who clicked the advertisement were led to a 50-page story on the website Money Pop. While the advertisement promised a list of restaurant chains that would be closing in 2020, the headline on the actual story was different: These Popular Restaurant Chains Are Losing Money Fast. The story mentioned Olive Garden, but it only mentioned that two locations had closed in Springfield, Massachusetts, and Birmingham, Alabama, in March and April, respectively. 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. This meant less revenue, which resulted in lost jobs. In many cases, restaurants closed. On June 22, 2020, Nation's Restaurant News reported that National Restaurant Association President and CEO Tom BenĂ© said the restaurant industry had faced catastrophic losses. 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, InvestorPlace.com reported that Darden had managed to survive the pandemic thus far, but it also asked: What's next for Darden Restaurants? The Money Pop story also mentioned The Cheesecake Factory on its list. We previously covered that rumor as well. (en)
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