With an exciting story that moves from as a Gulf seafood restaurant in Katy, Texas, all the way to a thriving company with globally-recognized restaurant and entertainment brands, Landry's has dazzled the business world. With a host of concepts flourishing across the nation and around the world, Landry's, Inc.
Landry's is no stranger to accolades — we have seen numerous honors over our three decades. That's not to mention the multitude of awards the individual concepts owned and operated by our subsidiaries and affiliated entities have received from newspapers, food critics and other establishments. This has been a constant throughout the years. When we were publicly traded, we were often called a "darling" of Wall Street. Now, as a privately-owned company, our vision is as clear and bold as ever.
With its multiple-concept approach, Landry's appeals to customers of all ages, backgrounds, income brackets and interests. The Company seeks to set industry standards, not follow them. Landry's locates its restaurants close to major retail, convention, entertainment and business centers, as well as at historical and waterfront sites. Hide Show Close. Search Job Opportunities. Visit Del Frisco's Website. What began in Chicago in is now one of the most award-winning steakhouses around.
Visit Morton's Website. Spectacular Waterfront Views Chart House. Since , Chart House restaurants has been dedicated to providing the perfect dining experience. Visit Chart House Website. King Ranch Texas Kitchen is where Texas heritage collides with legendary cuisine. The cocktail program features both a collection of hand-curated cocktails, as well as refreshing signature cocktails mixed from Texas Spirits.
Great Food. Great Fun. Great Party. Bubba Gump Shrimp Co. The first Bubba Gump Shrimp Co. The restaurant was an instant success and we've since grown to include many notable locations all over the world. As an American icon, the restaurant showcases memorabilia from the movie, storyboards and even some costumes. At the core, we are small family of seafood restaurants committed to providing a causal environment where everyone can enjoy a great meal and have some fun too.
Forbes ranked the chain fifth on its list of the best small companies in the United States in that year. Landry's store number increased to 35 units in 12 states by August , helping to earn it a spot on Business Week 's Top Growth Companies list for the second consecutive year. Fueling profit growth was an increased emphasis on a trend sweeping the restaurant business in the early and mids: value. Landry's continued to rapidly expand its chain during Furthermore, the company was moving ahead with plans to diversify into the more casual spectrum of the seafood restaurant market.
Early in Landry's had purchased Joe's Crab Shack, a Houston-based chain of three seafood restaurants.
Fertitta had planned to convert them into Landry's Seafood Grills. Instead, Landry's managers tweaked the Joe's Crab Shack concept and came up with what they hoped would be a successful entry into the low-priced seafood eatery market. In Landry's opened a fourth Joe's in Dallas that achieved similar results. In early Landry's bought every restaurant on the waterfront of Kemah, Texas, it did not already own. Landry's subsequently developed the extensive property it owned in the town into Kemah Boardwalk, which Fertitta hoped to expand into a major tourist attraction.
Officially opened in January , the Kemah Boardwalk, in addition to several company owned and operated restaurants, also featured retail and specialty shops, amusement rides, and the Boardwalk Inn hotel. Compounding matters were a succession of tropical storms that hit Landry's territory from May through October, temporarily closing some locations and cutting into sales at others. Many of Landry's restaurants were located on the waterfront, making the company unusually vulnerable to the vicissitudes of the weather.
Investors lost faith in the company's stock for the first time since its initial public offering, sending it down nearly 70 percent for the year. By early Landry's halted a slide in sales by lowering the menu prices at its restaurants, and in March announced the closure of eight of its restaurants and plans to close an additional three restaurants and to abandon more than 20 development sites.
It was also structured as a reverse buyout, whereby Landry's would take over Consolidated but the executives of Consolidated would take over management of the combined company. Fertitta was slated to serve as chairman of the new firm, but in making the deal he had largely committed himself to turning over control of a business for which he had been the chief architect--if not the true founder.
But Fertitta quickly developed second thoughts about giving up control, and less than a week after the deal was announced he scuttled it. In the aftermath of the aborted deal, Fertitta also took Landry's on a different path. Plans to open as many as 50 new restaurants per year were scaled back, and Fertitta began to take a more aggressive approach to acquisitions.
The organic growth at Landry's at this time centered on the Joe's Crab Shack chain, which opened its th location in June On the acquisitions side, Landry's began by more than doubling the size of its Kemah Boardwalk property by buying the adjacent Lafayette's Landing Marina, which was soon renamed Kemah Boardwalk Marina. The company's property in Kemah now totaled about 40 acres. In the wake of the failed bid, Rainforest's stock fell, affording Landry's another opportunity. The expansion outside of the seafood niche prompted the shortening of the firm's name to Landry's Restaurants, Inc.
Also during Landry's shifted its headquarters into a newly built, eight-story, company-owned building in Houston. Three separate acquisitions highlighted developments during In February Landry's acquired Detroit-based C.
Operating in the Midwest and Florida, Muer also owned a number of fine-dining establishments located in historic buildings. Several of the Muer restaurants were subsequently converted into other Landry's concepts, primarily Joe's Crab Shack. With a history dating back to the early s, the Chart Houses had started out as steakhouses but were eventually converted into seafood restaurants; they were positioned as more upscale than the Landry's Seafood House chain--as were the Muer restaurants--which provided Landry's Restaurants with an enlarged array of seafood concepts.
As was the case with the Muer acquisition, Landry's converted about ten of the Chart Houses into Joe's Crab Shacks and also closed a handful of underperforming units.
Founded in Houston in , Saltgrass had grown to include 27 locations in Texas. Landry's bought it from MetroNational Corporation, a privately held investment company based in Houston.
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