The Cookout

[The Honorable]

Olive Garden owner Darden Restaurants buys Ruth's Chris Steak House for $715 million

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

www.cnbc.com

I truly hope that Olive Garden doesn’t begin to commingle their culinary staff between the two entities. There is no other chain that offers the level of cuisine that they do as consistently. I’ve been to Mastro’s and Lawry’s and while both good they do not hold a candle to Ruth’s Chris. I will keep RC in my prayers.

 

[Jay]

I saw this earlier and almost fainted. First Swisher buys Drew Estate and now Olive Garden buys Ruth’s Chris…what a travesty. I hope they keep a hands off approach. So far Drew Estate has been fine let’s hope that Filet Mignon stays the same.

 

[Red Velvet]

The bougie section is in the house!

 

[Terrymist]

Olive Garden owner Darden Restaurants buys Ruth's Chris Steak House for $715 million

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

www.cnbc.com

I truly hope that Olive Garden doesn’t begin to commingle their culinary staff between the two entities. There is no other chain that offers the level of cuisine that they do as consistently. I’ve been to Mastro’s and Lawry’s and while both good they do not hold a candle to Ruth’s Chris. I will keep RC in my prayers.

As we don't have either of those restaurants over here, what is the significance of the buy out? Is it controversial? How popular are the restaurants?

 

[Deleted member 1946]

I can say I have never eaten at Ruth's Chris. I have always wanted to, but I kept forgetting. Now, I think the quality will go down.

 

[Deleted member 1946]

As we don't have either of those restaurants over here, what is the significance of the buy out? Is it controversial? How popular are the restaurants?

We don't have either of them in my town either. Olive Garden is decently popular. There are other restaurants that are more popular. I would argue that the lower level steakhouses are more popular than Olive Garden. Most people cannot afford Ruth's Chris since they are limited in money. When a place like Olive Garden buys a highly touted place like Ruth's Chris, it tells me the quality will probably will be reduce as corners are cut.

 

[Deleted member 1946]

The bougie section is in the house!

Most def

 

[Deleted member 1946]

I saw this earlier and almost fainted. First Swisher buys Drew Estate and now Olive Garden buys Ruth’s Chris…ywhat a travesty. I hope they keep a hands off approach. So far Drew Estate has been fine let’s hope that Filet Mignon stays the same.

Yep. It is fine for now. When people buy a company, they almost always want to change something they don't like. This ends up reducing costs while decreasing quality. I fear this is what is gonna happen with Ruth's Chris.

 

[Deleted member 1946]

Olive Garden owner Darden Restaurants buys Ruth's Chris Steak House for $715 million

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

www.cnbc.com

I truly hope that Olive Garden doesn’t begin to commingle their culinary staff between the two entities. There is no other chain that offers the level of cuisine that they do as consistently. I’ve been to Mastro’s and Lawry’s and while both good they do not hold a candle to Ruth’s Chris. I will keep RC in my prayers.

I hope they don't commingle the two either. The two companies are very different are require a different level of attention and professionalism.

 

[Jay]

Yep. It is fine for now. When people buy a company, they almost always want to change something they don't like. This ends up reducing costs while decreasing quality. I fear this is what is gonna happen with Ruth's Chris.

I hope not.

 

[Terrymist]

We don't have either of them in my town either. Olive Garden is decently popular. There are other restaurants that are more popular. I would argue that the lower level steakhouses are more popular than Olive Garden. Most people cannot afford Ruth's Chris since they are limited in money. When a place like Olive Garden buys a highly touted place like Ruth's Chris, it tells me the quality will probably will be reduce as corners are cut.

When the lower ranked restaurant buys a more upper class restaurant, the standard of the latter tends to drop. Thank you for the explanation and the insight. Much appreciated.

 

[Deleted member 1946]

When the lower ranked restaurant buys a more upper class restaurant, the standard of the latter tends to drop. Thank you for the explanation and the insight. Much appreciated.

Most definitely. I wonder is this a ploy by the powers that be to reduce the nice things in society so everybody can be satisfied with mediocrity.

 

[Deleted member 1946]

I hope not.

I hope not as well.