Recipe Unlimited, a prominent Canadian restaurant company based in Vaughan, has announced the acquisition of all Olive Garden locations in Canada from U.S.-based Darden Restaurants Inc. The deal encompasses eight Olive Garden restaurants, marking a significant expansion for Recipe Unlimited's portfolio in the Canadian market.

Although the financial terms of the transaction were not disclosed, the acquisition signals Recipe Unlimited's confidence in the Olive Garden brand. Frank Hennessey, the CEO of Recipe Unlimited, expressed a positive outlook on the growth potential for Olive Garden across Canada, highlighting the opportunity to expand the brand's presence in the region.

Moreover, the deal includes a development agreement that grants Recipe Unlimited exclusive rights to develop and operate new Olive Garden restaurants throughout Canada. This agreement indicates Recipe Unlimited's commitment to not only maintaining the current locations but also potentially increasing the number of Olive Garden restaurants in the future.

While specific details regarding the timeline for new locations have yet to be revealed, Recipe Unlimited plans to announce these details as development strategies take shape. The company currently boasts over 1,200 restaurant locations across Canada, featuring a variety of brands including Swiss Chalet, East Side Mario's, and the Pickle Barrel, among others.

This acquisition reflects Recipe Unlimited's ongoing strategy to enhance its brand portfolio and capitalize on the popularity of established restaurant chains within the Canadian dining market.