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Darden Restaurants Completes Acquisition Of Ruth'S Hospitality Group

PUBLIC · DRIJun 14, 2023

Acquiring Company

Darden Restaurants

Acquired Company

Hospitality Group

OrlandoNetherlandsFood and BeverageHospitality

Description

Darden Restaurants, Inc. ("Darden") (NYSE: DRI), announced today that it has completed its acquisition of Ruth's Hospitality Group, Inc. ("Ruth's"). The Ruth's Chris Steak House brand now joins and complements Darden's portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Yard House, Cheddar's Scratch Kitchen, The Capital Grille, Seasons 52, Eddie V's and Bahama Breeze.

Quick answer

Darden Restaurants is acquiring Hospitality Group, announced June 14, 2023. Darden Restaurants is based in Orlando, Florida, United States.

How much did Darden Restaurants pay for Hospitality Group?
The deal value was not disclosed.
What does Darden Restaurants do?
Darden Restaurants, Inc. is a leading restaurant operating company specializing in casual and fine dining.
Where are Darden Restaurants and Hospitality Group based?
Darden Restaurants is based in Orlando, Florida, United States. Hospitality Group is based in Netherlands.
Who are the decision-makers at Darden Restaurants?
Fundz holds 1 contact at Darden Restaurants. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Darden Restaurants

Location

1000 Darden Center Drive

Orlando, Florida, United States

About

Darden Restaurants, Inc. is a leading restaurant operating company specializing in casual and fine dining. Their primary portfolio includes well-known brands such as Olive Garden, LongHorn Steakhouse, and Cheddar's Scratch Kitchen, positioning them prominently within the hospitality and food service industry. The company primarily serves the North American market but has a growing influence in international dining as well. With a focus on high-quality food and exceptional service, Darden is committed to enhancing guest experiences while operating over 1,800 locations nationwide. Recent strategic developments include expanding their menu offerings and embracing technology for improved customer service.

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Frequently asked

Who acquired Hospitality Group?

Hospitality Group was acquired by Darden Restaurants, based in Orlando. The deal was reported on June 14, 2023. Darden Restaurants, Inc. is a leading restaurant operating company specializing in casual and fine dining. Darden Restaurants is publicly traded (DRI) and operates in Food and Beverage.

When did Darden Restaurants acquire Hospitality Group?

Darden Restaurants's acquisition of Hospitality Group was reported on June 14, 2023. Darden Restaurants, Inc. ("Darden") (NYSE: DRI), announced today that it has completed its acquisition of Ruth's Hospitality Group, Inc. ("Ruth's"). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hospitality Group do?

Creating better places is onze missie om aantrekkelijke en excellent georganiseerde omgevingen voor werken, leren, vrije tijd en zorg te realiseren. Met aandacht voor mens, milieu en materialen. It is privately held, and is based in Netherlands.

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