The Rainforest Cafe

Landry's CEO calls patience key to making deals

Houston business titan Tilman Fertitta has long had his eye on national seafood chain McCormick & Schmick. But his effort to acquire the upscale eatery hasn't won a deal. Yet.

"When it's all over, I'll end up with it, because that's just the way it is," he said.

The owner of Landry's, a restaurant, hospitality and entertainment conglomerate, made the prediction Thursday night to businesspeople assembled for the presentation of the annual Houston Chronicle 100 list of top Houston companies.

Fertitta said the key to his strong acquisition track-record is to avoid rushing.

"If you are just patient, the deals always come back to you," he said.

After Fertitta's keynote speech at the Petroleum Club, Chronicle publisher Jack Sweeney and business editor Laura Goldberg presented the top companies identified in the annual survey.

Public companies are evaluated based on revenue, revenue growth, earnings per share growth and total return to shareholders. Private companies are measured by their revenue.

The Chronicle 100 will appear in an 18-page special section in Sunday's paper.

Fertitta demonstrated his philosophy about patience last year, when he succeeded in taking Landry's private in a $1.4 billion buyout after several attempts. It makes its debut on this year's private list after regularly appearing on the Chronicle 100 public list during its 17 years as a publicly traded company.

Fertitta is now the company's sole owner.

Landry's reported $1.6 billion in revenue last year and has more than 30,000 employees. The Landry's family of restaurants includes the Bubba Gump Shrimp Co., The Crab House, the Downtown Aquarium and Rainforest Café, which Landry's bought in 2000.

Fertitta said Landry's originally lost a potential deal for Rainforest Café. Six months later, he said, it bought the restaurant chain for millions less than the original offer.

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It's a designed restaurant chain possessed by Landry's Restaurants, Corporation. of Houston, Texas. It had been founded by entrepreneur Steven Schussler. The very first location opened up within the Mall of America in Bloomington, Minnesota on Feb 3, 1994. In 1997, the chain comprised of only six restaurants, all towards the U . s . States , but already inside a Disney park. In 1998, the projects were to construct 10 additional restaurants within the U . s . States around, seven in Mexico and five within the United kingdom over ten years.Past due 2000, You purchased it , by Landry's Restaurants Corporation., a business theme restaurant chain, located in Houston, Texas. The organization also is the owner of Fulton's Crab House, one of these is really a Wally Walt Disney World Resort. Up to now the organization is the owner of 27 restaurants within the U . s . States, three in Mexico, two in Canada, and something each in France, the Uk, and Japan. The chain targets creating a name in bigger metropolitan areas and departmental stores, benefiting about the effective tourism and entertainment industries from the regional area.

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