Ruth's Chris Steak House is a chain of over 100 steakhouses throughout the United States, Canada, and Mexico. The restaurant is considered a top class luxury restaurant, marking a gradual increase in its status since its inception in the 1960s. Chris Ruth is currently the largest luxury steakhouse company in a number of locations, operating income, and overall profit, bigger than The Palm and Morton's. On May 22, 2008, the company rebranding and becoming part of Hospitality Ruth Group after acquiring Mitchell's Fish Market. The group is headquartered in Winter Park, Florida.
Video Ruth's Chris Steak House
Histori
Chris Steak House asli (1927-1965)
Chris Steak House was founded on February 27, 1927 by New Orleans entrepreneur Chris Matulich. It is located at 1100 North Broad Street near the New Orleans Fairgrounds Racetrack, seats 60 people, and has no parking space. During 38 years of Matulich's management, the business was sold six times, failed every time, and allowed him to buy the restaurant back at a bargain price from the buyers.
Ownership by Ruth Fertel, 1965-1999
Acquisition, 1965
Ruth Fertel is a divorced single mother who needs money to send her teenage son to college. Ignoring the advice of his banker, lawyer, and friends, Ruth bought the restaurant in 1965. He used his sister restaurant, Sig Antique Restaurant in Port Sulfur, Louisiana, along with a family recipe to lay the foundations for his restaurant. He initially planned to raise just $ 18,000 to cover the purchase price, until he indicated that he would need an extra $ 4,000 to cover the cost of renovation and food. On his first day, May 24, 1965, he sold 35 steaks for $ 5 each.
Fertel personally intervened in every part of the business. She had to teach herself how to cut the steak steak, and although only five feet-two and 110-pounds, would see a 30-pound short waist by hand until she was able to afford a chainsaw. He staffs his restaurant with a single mother, saying that they are hardworking and reliable. Over the years, Chris Steak House is the only upscale restaurant in New Orleans with all female wait staff.
From the beginning, the restaurant attracted local politicians and athletes, businessmen and journalists. Political reporter Rosemary James noted that she "would not miss Friday before a big election at Ruth's Chris Steak House - that's the right place if you want to get a few spoons." Local celebrities like Fats Domino are fixed.
Rename to Ruth's Chris Steak House , 1976
In early 1976, shortly after Fertel signed a new ten-year contract at the restaurant, a fire destroyed the building. Fertel just bought a second property nearby for rent as a party room. Within seven days, he had moved the restaurant to his new location several blocks away at 711 North Broad Street and reopened it, extending to 160 seats in the process. The sales agreement with Matulich prevented her from using her real name at another address, so she named Ruth's Chris Steak House's new restaurant to maintain continuity with the previous location. He confessed later to Fortune Magazine that "I always hate the name, but we always manage to overcome it."
Extension and franchise, 1976-1999
The first franchise restaurant opened in 1977 by a loyal customer, Thomas J. "T. J." Moran (c.1931-2015), in Baton Rouge, which then opened several locations of Chris Ruth's franchise, TJ Ribs, and Ruffino's restaurant through his company T.J. Moran Associates. Fertel noted, "All our franchisees are people who have eaten at one time or another at one of our restaurants, we never look for franchisees, they come to us." The chain grew rapidly over the next two decades, with 66 locations in the US and abroad in mid-1998, and reaching over $ 200 million in annual revenue. This success earned Fertel a number of awards as an entrepreneur, and the nickname of The First Lady of American Restaurants or The Empress of Steak .
Acquisition by Madison Dearborn 1999-2005
In 1999, Fertel, then 72, developed lung cancer. He sold 79.3 percent ownership in the chain in August 1999 to the investment firm Madison Dearborn Partners of Chicago, remaining shareholder until his death in 2002.
In that period, the chain expanded to 86 restaurants, including 10 locations overseas. Revenue fell to $ 167.8 million in 2003, before rising again to $ 192.2 million in 2004.
Public company, 2005 and so on
On August 9, 2005, under President & amp; CEO Craig Miller, Chris Steak House of Ruth became a publicly traded company after a successful IPO valued the company at $ 235 million and a 15 percent increase in first-day trading.
Relocation to Florida, 2005
In late August 2005, Hurricane Katrina destroyed Greater New Orleans (see: Effect of Hurricane Katrina in New Orleans), and the chain moved its corporate headquarters to Heathrow, Florida. Like most businesses in the city, two chain locations in the New Orleans area were forced to close due to storms. Metairie location has reopened. Fertel's family members, especially Ruth's son Randy, strongly opposed the move. Amid a lot of criticism by local officials and the media, and after the announcement by Morton that it would reopen its branch in New Orleans, the company's office announced that, due to extensive damage, the old location on Broad Street would be permanently closed. and donated to charity. Tulane University is the recipient of the prize, renovation and reopening site in 2012 as Ruth U. Fertel/Tulane Community Health Center. In May 2008, Chris Ruth reopened in New Orleans and is located downtown at Harrah's Hotel at 525 Fulton Street.
In 2011, the company's headquarters moved to its current location in Winter Park, Florida.
Recent expansion and current performance
In February 2008, the company purchased Mitchell's Fish Restaurant and the Columbus Fish Market brand from Cameron Mitchell Restaurants for $ 92 million. When the recession began to bite, the acquisition was initially unsuccessful. Stock prices fell from $ 22 in 2006 to below $ 5 and corporate debt rose to $ 185 million. CFO Tom Pennison resigned, and CEO Craig Miller was ousted by the board to be replaced by Mike O'Donnell. O'Donnell restructured and changed its corporate brand, creating Ruth's Hospitality Group (RHGI) as a parent entity in May 2008, allowing each individual restaurant brand to have their own identity within the group. The current President and COO is Kevin Toomy, the former owner and president of the award-winning Goldcoast Seafood Grill in South Florida.
In February 2013, RHGI reported that fourth-quarter sales at Chris Ruth's restaurant rose 7.0 percent in the previous year, representing a 11th consecutive quarterly sales increase.
Chris Ruth continues to add a new restaurant, the most recent at Harrah's Casino in Las Vegas in January 2013, after the previous Las Vegas location at Flamingo closed in 2009. The company has announced plans for 2013 that include expansion into China, a new restaurant in Denver, Colorado, and four or five new franchise locations. In 2015, it was announced that the restaurant was expanding into Albuquerque, New Mexico. In 2016, Chris Ruth opened his newest restaurant in Odenton, Maryland.
Maps Ruth's Chris Steak House
Dining
Most restaurants are open for dinner only, although some locations also offer lunch. The dress code usually ranges from business/stylish to casual business. Most locations have private dining facilities and offer business communication via satellite. The company also offers outdoor caterers and wedding services through Ruth's Weddings brand.
Menu
This restaurant signature serves USDA brewed main steaks at 1800 ° Fahrenheit (about 980 ° C) and served on ceramic plates heated to 500 ° Fahrenheit (260 ° C). Half an ounce (1 tablespoon) of butter was added just before the plate left the kitchen to make a 'hiss' signature. Fertel firmly believes that his steak's success is due to the sound and smell of the 'hiss' and the taste. "You hear the hiss, and you think, 'I wonder if it's my steak'", he commented in an interview just before his death.
In addition to steak, the restaurant also serves chicken, lamb, fish, shrimp and lobster appetizers.
The portions are generally large enough to serve two or more diners. Family style dishes include au gratin potatoes, with bechamel sauce and Cheddar cheese. Some recipes, such as BBQ shrimp, New Orleans-style spinach, or sweet potato casserole, are the traditional recipes of the 19th century from the Ruth Fertel family, especially his uncle Martin, a Louisiana Delta farmer from the French-Alsatian family.. Some of these recipes have been made available to the public by family and by company.
There is also a selection of desserts, with a typical creme brulee restaurant that becomes a staple item throughout the chain.
In 2009, Chris Ruth introduced their "Ruth's Classics" menu of prix fixe meals where guests chose three dishes; starter, entree and side, and dessert. The menu is updated every three months on a seasonal basis.
Beverage
The wine list includes over 200 wines, mainly from California's leading vineyards such as Mondavi, Beringer and Stag's Leap. Twenty-five or more wines are available by the glass, depending on the location.
A selection of "vintage-inspired" seasonal cocktails, introduced in 2011 by Beverage Director Helen Mackey, includes classic and contemporary "handicraft" cocktails.
References
External links
- Official website
- Ruth's Hospitality Group, Inc., Official Site
- Financial updates from Yahoo! Finance
Source of the article : Wikipedia
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