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Darden Restaurants completed the acquisition of Ruth's Hospitality Group for $715m.

Synopsis

Darden Restaurants, a multi-brand restaurant operator, completed the acquisition of Ruth's Hospitality Group, a restaurant company with a focus on American steakhouse restaurants, for $715m. "Ruth's Chris is a strong and distinctive brand in the fine dining segment with an impressive history of delivering elevated dining experiences to their loyal guests. It fits the criteria we have for adding a brand to our portfolio and supports our winning strategy. Ruth's Chris is a great complement to our portfolio of brands, and I'm pleased to welcome their nearly 5k team members to Darden," Rick Cardenas, Darden President and CEO.

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