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Ruth's Chris

Financing

Ruth's Chris acquisition already paying off for Darden

 By Joe Guszkowski on Sep. 21, 2023

Adding the steakhouse chain to its portfolio will unlock $35 million in synergies and savings per year for the company, $15 million more than expected.

Leadership

Gene Lee is retiring as Darden chairman

 By Jonathan Maze on Jun. 22, 2023

The former CEO of the owner of Olive Garden and LongHorn Steakhouse will step down after the company’s annual meeting, set for September.

Financing

Darden's acquisition of Ruth's Chris, by the numbers

By Joe Guszkowski on Jun. 14, 2023

The Olive Garden parent closed its deal for the steakhouse chain Wednesday. Here’s a look at what it’s getting.

Leadership

Remembering Ruth's Chris founder Ruth Fertel

By Peter Romeo on May 09, 2023

Restaurant Rewind: She could barely afford to open her first restaurant. Now the empire she founded through smarts and a refusal to be stopped is selling for $715 million. Here’s her story.

Financing

With Ruth's Chris deal, Darden doubles down on fine dining

By Joe Guszkowski on May 04, 2023

The 154-unit steakhouse chain will more than double the company's fine-dining footprint. But it won't compete with Darden's other upscale concepts, executives said.

Financing

Darden Restaurants to acquire Ruth's Chris for $715M

By Joe Guszkowski on May 03, 2023

The deal adds another fine-dining concept to Darden's portfolio, which includes Olive Garden, LongHorn Steakhouse and The Capital Grille.

Financing

Ruth’s Chris to close its Times Square location

By Joe Guszkowski on Jan. 31, 2023

The steak chain's longtime Manhattan outpost has been hurt by the slow return of office workers.

Marketing

Fine dining may not be immune to inflation pressures after all

By Lisa Jennings on Sep. 15, 2022

In New York, one restaurant promotes ‘bargain’ pricing with a $99 porterhouse for two. Will we see more value positioning in high-end restaurants?

Financing

Ruth's Chris sees some relief on beef costs

By Joe Guszkowski and Jonathan Maze on Aug. 08, 2022

Earnings Roundup: Chuy's sales hurt by the Texas heat and Fat Brands looks for more acquisition targets.

Financing

Earnings roundup: Ruth’s Chris, STK, Chuy’s, El Pollo Loco, RAVE

By Joe Guszkowski and Heather Lalley on May 06, 2022

Sales are up, but inflation and supply chain issues continue to cause stress for smaller, publicly traded restaurant chains.

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