Landry's Restaurants is a leading full-service restaurant operator. The company's estate of eateries is anchored by its flagship Landry's Seafood House chain; other concepts include Rainforest Cafe, McCormick & Schmick's, The Chart House, Saltgrass Steak House, and Bubba Gump Shrimp. Through an agreement with an affiliate, Landry's manages the Claim Jumper chain of about 35 restaurants. The company also owns and operates the iconic Golden Nugget Hotel & Casino in Las Vegas, along with a number of other entertainment properties, including aquariums, hotels, and other tourist attractions. CEO Tilman Fertitta led a buyout of Landry's in 2010, taking the company private.
The company has expanded into a multi-faceted leisure and entertainment company through a long series of acquisitions, but its core restaurant chains still account for about 70% of sales.
Landry's operates a total of about 500 restaurant locations throughout the US.
Sales and Marketing
Landry's has carved out a niche for itself in the destination dining segment, especially in tourist locations such as Disneyland, the Mall of America, and Las Vegas.
Mergers and Acquisitions
In late 2014 Landry's reached an agreement to acquire the Mitchell's Fish Market restaurant chain from Ruth Hospitality Group for about $10 million. The deal added another seafood concept to Landry's large portfolio.
Fertitta owns upscale seafood chain McCormick & Schmick's after buying up the all of the company's stock in early 2012. A subsidiary of Landry's acquired the stock for about $131 million.