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RARE Hospitality International history
RARE Hospitality International company history timeline
McKerrow suffered a serious setback when his financial backing--and his partner--disappeared in March 1981.
The establishment got its big break when a January 1982 snowstorm stranded hundreds of commuters on Peachtree Road.
McKerrow also limited expenses by restricting the dinner menu to seven cuts of steak, one potato, and a salad, adding only a salmon entree and some desserts in 1989.
Buoyed by investor interest in the specialty steakhouse segment, the stock jumped 50 percent in the first day of trading and stood pat at about $25 per share through the end of 1992.
Same-store sales declined by four percent in 1993 and profits remained flat at $3.4 million despite an increase in revenues to $70 million that year.
An early 1997 name change rechristened the parent company RARE Hospitality International Inc. to reflect its broadened array of restaurants and menus.
Now 11 years later, Capital Grille is Darden's new trump card in the casual-dining industry and Grace, now an Orlando-area venture capitalist, is a neighbor to Clarence Otis, who became Darden CEO in 2004.
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RARE Hospitality International competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Morgan's Restaurants of Pennsylvania Inc | - | $67.0M | 1,200 | - |
| KBP Foods | 1999 | $210.0M | 4,500 | - |
| Bagel Brands | 1992 | $434.5M | 7,500 | 506 |
| Bennett Management Corp | 1966 | $380,000 | 9 | - |
| Briazz | - | $24.0M | 326 | - |
| Skyport Companies, Inc. | - | $1.8M | 30 | 27 |
| Fulenwider Enterprises KFC & Taco Bell | 1965 | $5.8M | 75 | 685 |
| Restaurant Management Group | - | $590,000 | 15 | - |
| Consolidated Restaurant Cos Inc | - | $400.0M | 7,980 | - |
| Colton's Restaurant Group | - | $20.0M | 500 | - |
RARE Hospitality International history FAQs
Zippia gives an in-depth look into the details of RARE Hospitality International, including salaries, political affiliations, employee data, and more, in order to inform job seekers about RARE Hospitality International. The employee data is based on information from people who have self-reported their past or current employments at RARE Hospitality International. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by RARE Hospitality International. The data presented on this page does not represent the view of RARE Hospitality International and its employees or that of Zippia.
RARE Hospitality International may also be known as or be related to RARE Hospitality International, RARE Hospitality International Inc and Rare Hospitality International Inc.