Darden buys Ruth’s Chris Steak House for about $715 million

LTC Eugene Chu "The Ruth’s Chris Steak House chain is being acquired by Darden Restaurants for about $715 million.

The original Chris Steak House was opened on New Orleans' Broad Street in 1927, and it was acquired by Ruth Fertel in 1965. The company has 154 locations worldwide, including 80 company-owned or -operated restaurants and 74 franchised restaurants.

The company, now based in Winter Park, Florida, suffered as most restaurants did during the pandemic, closing 23 restaurants in early 2020, furloughing workers and announcing that executives were taking less pay.

Shares of Ruth’s Hospitality Group Inc., which owns the restaurants, recovered within a year of the outbreak. Shares were halted before the market opened and jumped more than 30% at the opening bell."...

Love, love, love Ruth's. Hope Dardens doesn't let it slide as has OG. Nearest is in Scottsdale -- a hike from Tucson. On the $$$$$ steep side.
Back in the monthly expense account days, Ruth's always showed up two or three times/month. Since none of our retired revenue streams include an expense account, we might get to Scottsdale once or twice/year.

LTC Eugene Chu wont affects me much, there’s not one here