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Capital Grille
The Capital Grille is an American restaurant chain of upscale steakhouses owned by Darden Restaurants. The brand has locations in twenty-five U.S. state, states, the District of Columbia, and Mexico City. History The original Capital Grille was founded by Ned Grace, in Providence, Rhode Island, in 1990. The opening was curious for several reasons: the upscale steakhouse contrasted with the then-rundown downtown area of Providence, and the opening occurred amid Early 1990s recession, an ongoing recession. Grace envisioned the restaurant being popular with business and political elite, and his ideas proved to be accurate. Seven years after opening, the original location pulled in over $4 million in annual sales. Under the leadership of Grace's Bugaboo Creek Steakhouse, Bugaboo Creek Steak House Inc. (the name of Grace's other chain), the chain expanded to several major markets. By 1996, The Capital Grille had locations in Washington, D.C. and Boston. In 1997, aided by a $20 mill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
