Ruth's Hospitality Group
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Ruth's Hospitality Group
Ruth's Hospitality Group is a restaurant company with a focus on American steakhouse restaurants. The group was rebranded in May 2008, shortly after Ruth's Chris Steak House acquired the Mitchell's Fish Market and Columbus Fish Market brands from Cameron Mitchell Restaurants. The company was rebranded with a new name by CEO Mike McDonnell to reflect the wider diversity of restaurants in its portfolio. The company resold the MFM restaurant chain in 2014 for $10m to Landry's. History The period immediately after the acquisition of the Mitchell's restaurants in February 2008 was turbulent, and resulted in the ousting of CEO Craig Miller, who was replaced by Mike O'Donnell in April 2008. In 2009, RHGI reported declining revenues at both the Ruth's Chris and the Mitchell's brands, with a drop of 22% in Q2 2009. By 2010, O'Donnell had begun to reverse the decline, and in 2011, he was able to report an increase of 9.2% in revenue for Ruth's Chris, and a decrease of just 2% for Mitc ...
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Paycheck Protection Program
The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Donald Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers. The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for their payroll and certain other costs. The amount of a PPP loan is approximately equal to 2.5 times the applicant's average monthly payroll costs. In some cases, an applicant may receive a second draw typically equal to the first. The loan proceeds may be used to cover payroll costs, rent, interest, and utilities. The loan may be partially or fully forgiven if the business keeps its employee counts and employee wages stable. The program is implemented by the U.S. Small Business Administ ...
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Restaurant Chains In The United States
A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and Delivery (commerce), food delivery services. Restaurants vary greatly in appearance and offerings, including a wide variety of cuisines and Customer service, service models ranging from inexpensive fast-food restaurants and cafeterias to mid-priced family restaurants, to high-priced luxury establishments. Etymology The word derives from early 19th century from French language, French word 'provide food for', Literal translation, literally 'restore to a former state' and, being the present participle of the verb, The term ''restaurant'' may have been used in 1507 as a "restorative beverage", and in correspondence in 1521 to mean 'that which restores the strength, a fortifying food or remedy'. History A public eating establishment similar to a restaurant is mentioned in a 512 BC record from Ancien ...
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Madison Dearborn Partners Companies
Madison may refer to: People * Madison (name), a given name and a surname * James Madison (1751–1836), fourth president of the United States Place names * Madison, Wisconsin, the state capital of Wisconsin and the largest city known by this name * Madison, Alabama, second most populated city and 9th largest in Alabama * Madison, Arkansas * Madison, California * Madison, Connecticut * Madison, Florida * Madison, Georgia * Madison, Illinois * Madison, Indiana * Madison, Kansas * Madison, Maine, a town ** Madison (CDP), Maine, a census-designated place within the town of Madison * Madison, Minnesota * Madison, Mississippi * Madison, Missouri * Madison, Nebraska * Madison, New Hampshire * Madison, New Jersey * Madison, New York, a town ** Madison (village), New York, within the town of Madison * Madison, North Carolina * Madison, Ohio * Madison, Pennsylvania * Madison, South Dakota * Madison, Tennessee * Madison, Virginia * Madison, West Virginia * Madison (town), Wisconsin, ad ...
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Restaurants Established In 2008
A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services. Restaurants vary greatly in appearance and offerings, including a wide variety of cuisines and service models ranging from inexpensive fast-food restaurants and cafeterias to mid-priced family restaurants, to high-priced luxury establishments. Etymology The word derives from early 19th century from French word 'provide food for', literally 'restore to a former state' and, being the present participle of the verb, The term ''restaurant'' may have been used in 1507 as a "restorative beverage", and in correspondence in 1521 to mean 'that which restores the strength, a fortifying food or remedy'. History A public eating establishment similar to a restaurant is mentioned in a 512 BC record from Ancient Egypt. It served only one dish, a plate of cereal, wild fowl, and onion ...
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Companies Based In Orange County, Florida
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Steakhouses In The United States
A steakhouse, steak house, or chophouse refers to a restaurant that specializes in steaks and chops, found mainly in North America. Modern steakhouses may also carry other cuts of meat including poultry, roast prime rib, and veal, as well as fish and other seafood. History Chophouses started in London in the 1690s and served individual portions of meat, known as chops. The traditional nature of the food served was zealously maintained through the later 19th century despite the new cooking styles from the Continent, which were becoming fashionable. The houses were normally only open for men. The steakhouse started in the United States in the mid-19th century as a development from traditional inns and bars. Steakhouses can be casual or formal fine dining restaurants. The oldest chophouse in London Simpson's Tavern is regarded as an institution of London and retains its 19th century decor. The oldest continuously operating steakhouse in the United States is the Old Homestead St ...
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Capital Market
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE) and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties. Transactions on capital markets are generally managed by entities within the financial sector or the treasury departments of governments and corporations, but some can be accessed directly by the public. As an example, in the United States, any American citizen with an internet connection can create an account with TreasuryDirect and use it to buy bonds in the primary market, though sales to individu ...
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Market Value
Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with ''open market value'', ''fair value'' or ''fair market value'', although these terms have distinct definitions in different standards, and differ in some circumstances. Definition International Valuation Standards defines market value as "the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion". Market value is a concept distinct from market price, which is "the price at which one can transact", while market value is "the true underlying value" according to theoretical standards. The concept is most commonly invoked in inefficient markets or disequilibrium situations where prevailing market prices are ...
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