The Capital Grille
|Type||Wholly owned subsidiary|
|Traded as||NYSE: DRI|
|Founded||Providence, Rhode Island (1990 )|
|Founder(s)||Edward P. "Ned" Grace, III|
|Headquarters||1000 Darden Center Drive
Orlando, Florida, U.S. 32837
|Number of locations||48 (2012)|
|Key people||Clarence Otis, Jr.
(CEO/Chairman of Darden)
|Parent||Darden Restaurants, Inc.|
The original Capital Grille was founded by Edward P. "Ned" Grace III, 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 amidst an ongoing recession. Grace envisioned the restaurant being popular with business and political elite, and 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 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 million credit line from two banks, it expanded with four more locations. Bugaboo Creek Steak House Inc. went public in 1994, and later changed its name to RARE Hospitality International, Inc. According to The Washington Business Journal, the chain was acquired by Darden Restaurants as a "part of a $1.19 billion acquisition of RARE Hospitality in 2007".
The Capital Grille operates under the Specialty Restaurant Group division of Darden.
As of April 2012 there were 45 locations.
In 2012, employees in five states filed lawsuits against the company alleging racial discrimination and wage violations. The lawsuit alleges that the company favored white workers over people of color for lucrative tipped jobs as well as requiring tipped workers to share their earnings with non-tipped workers.
- "Darden 2011 Annual Report" (PDF). Darden Restaurants, Inc. Retrieved April 12, 2012.
- Darden Restaurants, Inc. (May 29, 2011). "FY 2011 10-K". U.S. Securities and Exchange Commission. Retrieved April 11, 2012.
- "The Capital Grille Restaurant Locations". The Capital Grille. 2011. Retrieved April 11, 2012.
- Robin Lee Allen (May 20, 1996). "Capital Grille: an upscale steak house approaching its prime". Nation's Restaurant News. Retrieved April 11, 2012.
- Jeff Clabaugh (March 18, 2009). "Capital Grille sales fall 19 percent". Washington Business Journal. Retrieved April 11, 2012.
- "Darden Fact Sheet" (PDF) (Press release). Darden Restaurants, Inc. Retrieved April 11, 2012.
- Lisa Fickenscher (May 2, 2012). "Capital Grille lawsuit shifts to several states". Crain's New York Business. Retrieved May 9, 2012.