Page 50 - Scratch Kitchen News Today

The Ruth’s Chris Steak House chain, which has restaurants in Kakaako and Waikiki on Oahu, and in Wailea, Maui, is being acquired by Darden Restaurants Inc. for about $715 million.

All-cash transaction has equity value of approximately $715 million.

Subway adds to its Subway Series menu

CEO Rick Cardenas says first acquisition in 6 years — since Cheddar’s in 2017 — meets company’s criteria

Orlando-based Darden Restaurants buying Ruth's Hospitality Group could open the door for other Darden brands to go global.

/PRNewswire/ -- Darden Restaurants, Inc. ("Darden") (NYSE:DRI) and Ruths Hospitality Group, Inc. ("Ruths") (Nasdaq: RUTH), jointly announced today that they...

Darden Restaurants, Inc. (DRI) announced Wednesday a definitive merger agreement to acquire Ruth's Hospitality Group, Inc. (RUTH) in an all-cash transaction with an equity value of around $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.

Company offers all-cash transaction for 154-unit fine-dining steakhouse brand

Ruth’s Chris Steak House has more than 150 locations worldwide and generated $505.9 million in revenue in 2022.