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re: Ruth's Chris had a good run

Posted on 5/3/23 at 12:27 pm to
Posted by Gris Gris
OTIS!NO RULES FOR SAUCES ON STEAK!!
Member since Feb 2008
49126 posts
Posted on 5/3/23 at 12:27 pm to
quote:

I honestly don’t know, but TJ was a tough businessman. I’m sure that he and Ruth Fertel negotiated something that would allow the business to be a Ruth’s Chris in perpetuity.


I suspect that as well. This isn't the first time it's been sold, right?
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
7464 posts
Posted on 5/3/23 at 12:32 pm to
quote:

suspect that as well. This isn't the first time it's been sold, right?


I think Chris bought in in 2018 and it was 2nd time sold since TJ died, but don’t quote me on that.
Posted by GynoSandberg
Bay St Louis, MS
Member since Jan 2006
73357 posts
Posted on 5/3/23 at 12:51 pm to
quote:

Do you know if the Darden company is set up the same way? I don't.


Article says 80 are company owned and 74 are franchises

Regardless, franchisees are still at the mercy of the franchisor and are bound by franchise agreements.

These big acquisitions generally end up straying further away from the service and quality that one once knew. The obvious play here for a company like Darden is mass expansion being as RC only has 154 units. There will be one in on every corner and lux strip mall in America soon what was once a luxury brand could be the next Olive Garden
Posted by Sun God
Member since Jul 2009
46834 posts
Posted on 5/3/23 at 12:58 pm to
quote:

I bet it will still be an upscale place to put on your nice jeans and enjoy a meal

Last time I went there were more sweatpants and joggers than jeans
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 5/3/23 at 12:59 pm to
Gotta go early. The ghetto trash starts to roll in at 8:45pm
Posted by Lake Vegas Tiger
Lake Vegas
Member since Jun 2014
3275 posts
Posted on 5/3/23 at 1:08 pm to
Never thought much of the place based on my experiences there
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39207 posts
Posted on 5/3/23 at 1:12 pm to
quote:

There will be one in on every corner and lux strip mall in America soon what was once a luxury brand could be the next Olive Garden


They already have Longhorn for that.

This is interesting. I'm pretty sure all of Darden's other brands are 100 percent corporate owned.

I could see some sort of brand merger with the Capital Grille brand. According to Wiki, there is about 60 of those. Hopefully the Ruth's brand stays.

I wonder if they will try to buy out the franchises.
This post was edited on 5/3/23 at 1:13 pm
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
35266 posts
Posted on 5/3/23 at 1:24 pm to
quote:

Last time I went there were more sweatpants and joggers than jeans

Ripped up jeans, gold teeth, and strippers last time I went to the Lafayette location. I'll spend my money elsewhere
Posted by lsu for the win
Member since Jun 2022
1239 posts
Posted on 5/3/23 at 2:38 pm to
Sullivan’s is horrible. Pretentious as frick.
Posted by pbro62
Baton Rouge
Member since May 2016
14007 posts
Posted on 5/3/23 at 6:31 pm to
You have no idea what you are saying fricktwat
Posted by R11
Member since Aug 2017
4313 posts
Posted on 5/3/23 at 8:01 pm to
I’ve been to 6-7 diff Ruth’s

Br location has been top notch everytime I’ve been.
Posted by Tigerpaw123
Louisiana
Member since Mar 2007
17630 posts
Posted on 5/3/23 at 8:20 pm to
Anyone know the location of the first Ruth’s Chris steakhouse in BR?
Posted by diat150
Louisiana
Member since Jun 2005
46088 posts
Posted on 5/3/23 at 8:42 pm to
quote:

Ripped up jeans, gold teeth, and strippers last time I went to the Lafayette location. I'll spend my money elsewhere


Last time I went to the one in lafayette the steak was horrible. Worse than somewhere like saltgrass.
Posted by Sun God
Member since Jul 2009
46834 posts
Posted on 5/3/23 at 8:58 pm to
Never had anything less than an excellent meal at the one in BR.

The other locations I’ve been to have been way more inconsistent.
Posted by Mo Jeaux
Member since Aug 2008
59843 posts
Posted on 5/4/23 at 3:13 am to
quote:

I'm pretty sure all of Darden's other brands are 100 percent corporate owned.


From their last 10-K filing:

quote:

we owned and operated 1,867 restaurants through subsidiaries in the United States and Canada under the Olive Garden®, LongHorn Steakhouse®, Cheddar’s Scratch Kitchen®, Yard House®, The Capital Grille®, Seasons 52®, Bahama Breeze®, Eddie V’s Prime Seafood®, and The Capital Burger® trademarks. As of May 29, 2022, we also had 60 restaurants operated by independent third parties pursuant to area development and franchise agreements.


So mostly corporate owned.

Posted by gumbo2176
Member since May 2018
18036 posts
Posted on 5/4/23 at 7:00 am to
To be honest, they've kind of priced me out with steaks running $55 to $123 for the Porterhouse for 2.

Damn Ribeye is pushing $70 and the T-Bone is $72. Then everything else you want to eat is ala carte costing for each individual order.

Hell, a couple drinks, 2 steaks with 2-3 sides, no dessert and you're pushing $250 with the tip.
Posted by Tigerpaw123
Louisiana
Member since Mar 2007
17630 posts
Posted on 5/4/23 at 7:05 am to
quote:

To be honest, they've kind of priced me out with steaks running $55 to $123 for the Porterhouse for 2. Damn Ribeye is pushing $70 and the T-Bone is $72. Then everything else you want to eat is ala carte costing for each individual order. Hell, a couple drinks, 2 steaks with 2-3 sides, no dessert and you're pushing $250 with the tip.


And yet it is still hard to get a table there ….
Posted by RummelTiger
Texas
Member since Aug 2004
92026 posts
Posted on 5/4/23 at 7:14 am to
quote:

Ruth's Chris had a good run


People keep saying this...why?

Why would this be any different than what the previous group was doing/had done?
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 5/4/23 at 2:27 pm to
Prime meat is expensive. Everything is expensive
Posted by LNCHBOX
70448
Member since Jun 2009
86825 posts
Posted on 5/4/23 at 2:28 pm to
quote:

Prime meat is expensive. Everything is expensive



Yep. That and the amount of food he's talking about ordering for a couple is way overkill
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