Darden partners on Malayasian lobster farm

11/16/2012 | Wall Street Journal, The

Red Lobster and Olive Garden parent Darden Restaurants has teamed with two companies in Malaysia to create a lobster farm that will be producing about 40 million pounds of the shellfish by 2029. The operation is the first step in Darden's plan to expand into Asia. "We plan to establish our Asia-Pacific restaurant development hub in Kuala Lumpur," CEO Clarence Otis said.

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