Parsing out the nuanced foodservice appetites of the emergent Millennial demographic has enthralled the restaurant world so much lately that it’s easy to forget that customers in the 50-and-up crowd still wield 70 percent of the nation’s disposable income, and that they’re at a stage in life where they’re quite willing to spend it—if the establishment can provide just the right mix of service, quality, and affordability.
The wine list just got a little more accessible for steak lovers nationwide through a recent partnership between Coravin Inc., makers of the Coravin System which allows users to pour a glass of wine without pulling the cork, and Landry’s Inc.
Landry’s, Inc. reeled in seafood chain McCormick & Schmick’s in a buyout on Jan. 3, six months after the floundering chain was put on the market. The move signifies an end–and a new beginning–to the brand that touted its old-fashioned ways and hung onto them until they killed it.
Tilman J. Fertitta announced today that Landry's, Inc. has signed an Agreement to acquire 100% of McCormick & Schmick's Seafood Restaurants, Inc. for $8.75 a share.Landry's will acquire MSSR through an all-cash tender and merger.
In 1989, Demitri Pallis was tending bar in Seattle. Customers at the New Orleans Restaurant, a jazz club settled comfortably in Pioneer Square near the Seahawks football stadium, loved Bloody Marys as much as Pallis loved to make them.