Darden Restaurants to acquire Chuy's for approximately $605 million

"Based on our criteria for adding a brand to the Darden portfolio, we believe Chuy's is an excellent fit that supports our winning strategy," Darden CEO Rick Cardenas said in a statement. "I am excited to welcome their 7,400 team members to Darden and diversify the Darden portfolio into a new dining category." Chuy's generated total revenues of over $450 million in its latest twelve months ending March 31, according to the release. The company, founded in Austin, Texas in 1982, has 101 restaurants in 15 sta ...