Ruth's Chris Steak House has been sold to the parent company of the Olive Garden restaurant chain.The parent company of Olive Garden has agreed to buy the Ruth’s Chris Steak House chain for approximately $715 million.
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Florida company purchases Ruth’s Chris Steak House restaurants for $715 millionRuth’s has 80 company-owned or operated RuthsChris Steak House restaurants and 74 franchised locations worldwide, including locations in Birmingham, Huntsville and Mobile.
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Olive Garden's parent company brings Ruth's Chris Steak House into fold for $715M.OliveGarden's parent company, darden Restaurants, announced its purchase of Ruth's Hospitality Group for $715 million. Ruth's was purchased in an all-cash deal at $21.50 per share, which means RuthsChris Steak House will fall under Darden Restaurants,
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