Darden Restaurants acquires Ruth's Chris Steak House for $715M.
TL;DR
Darden Restaurants, the owner of Olive Garden, has acquired Ruth’s Hospitality Group Inc., the parent company of Ruth’s Chris Steak House, for $715 million. The acquisition will add to Darden's portfolio of higher-end restaurants such as Eddie V’s and Capital Grille. Ruth’s Chris Steak House has 154 locations worldwide, including 80 company-owned or -operated restaurants and 74 franchised restaurants.
Topics:top-newsbusiness#acquisition#business#darden-restaurants#fine-dining#restaurant-industry#ruths-chris-steak-house
- Olive Garden hospitality group buys Ruth's Chris Steak House for $715M MLive.com
- Darden buys Ruth's Chris Steak House for about $715 million Yahoo Finance
- Olive Garden owner Darden Restaurants buys Ruth's Chris Steak House for $715 million CNBC
- Olive Garden Owner to Buy Ruth's Hospitality Group The Wall Street Journal
- Ruth's Hospitality Stock Soared Today on Darden Restaurants Buyout Deal The Motley Fool
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