Tuesday, November 9, 2010

Landry's buys Bubba Gump dining chain

On Monday, Landry's Restaurants announced it acquired Bubba Gump Shrimp Co., a 32-unit casual dining seafood chain.
It is the second acquisition for Landry's since the company went private last month. Also in October, Landry's bought the 40-unit Irvine, Cal.-based Claim Jumper Restaurants.
Houston-based Landry's paid $120 million for the Bubba Gump chain, which previously had been owned by a private equity group, Landry's CEO Tilman Fertitta said.

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