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Rainforest Cafe

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BUSINESS
December 23, 1999 | Bloomberg News
Lakes Gaming Inc., operator of Louisiana's two largest casinos, said it will acquire Rainforest Cafe Inc. for $108 million in stock and will run the operator of 37 jungle-theme restaurants as a subsidiary. Rainforest Cafe shareholders would receive 0.55 share of Lakes Gaming common stock for every share they own. At Wednesday's closing prices, that would value Rainforest at $4.54 a share, a 21% premium for Rainforest shareholders.
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BUSINESS
November 4, 2009 | Times Wire Reports
Landry's Restaurants said its board had approved a $1.2-billion acquisition offer from a company owned by Chairman and Chief Executive Tilman J. Fertitta. The owner of Rainforest Cafe and other restaurants said Fertitta's company would pay $14.75 a share for Landry's stock it doesn't already own. Fertitta owned about 55.1% of the shares as of Monday. The offer is about a 37% premium over Landry's closing stock price of $10.76 on Monday. After the deal was announced, the company's shares shot up nearly 28%, or $2.93, to close at $13.69.
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BUSINESS
June 7, 1997 | GREG JOHNSON, TIMES STAFF WRITER
Storefronts at South Coast Plaza in Costa Mesa might have reputations that stretch around the world, but the button-down shopping mall rarely allows a tenant's actual business to spill out into the common areas. The upscale shopping center is making an exception for Minnesota-based Rainforest Cafe, which will open its first Southern California restaurant at the mall Monday. Experts say there's a good reason for letting the $6.
BUSINESS
September 27, 2000 | KARREN MILLS, ASSOCIATED PRESS
Shareholders of troubled theme restaurant chain Rainforest Cafe Inc. could have sold their company for $5.23 a share in February, but a major shareholder blocked the deal. Now, the same bidder--Landry's Seafood Restaurants--is back with another offer for Rainforest, this time for just $3.25 a share. The Rainforest board thinks the new bid is fair. But the same major shareholder, the State of Wisconsin Investment Board, still isn't willing to let go of its shares. "I am furious.
ENTERTAINMENT
October 30, 1997 | MAX JACOBSON, SPECIAL TO THE TIMES
If South Coast Plaza were a theme park (and it's pretty close), Rainforest Cafe would be an E ticket. This elaborately conceived restaurant, next to Sears, cost nearly $6 million to build, and it's quite a ride. When you check in at the concrete elephant that serves as a front podium, you get a "passport" and a cute, tropical-type code name--say, Gecko, Macaw or Alligator.
BUSINESS
September 27, 2000 | KARREN MILLS, ASSOCIATED PRESS
Shareholders of troubled theme restaurant chain Rainforest Cafe Inc. could have sold their company for $5.23 a share in February, but a major shareholder blocked the deal. Now, the same bidder--Landry's Seafood Restaurants--is back with another offer for Rainforest, this time for just $3.25 a share. The Rainforest board thinks the new bid is fair. But the same major shareholder, the State of Wisconsin Investment Board, still isn't willing to let go of its shares. "I am furious.
BUSINESS
June 6, 1997 | GREG JOHNSON, TIMES STAFF WRITER
Storefronts at South Coast Plaza might have reputations that stretch around the world, but the button-down shopping mall rarely allows a tenant's actual business to spill out into the common areas. The upscale shopping center is making an exception for Minnesota-based Rainforest Cafe, which will officially open its first Southern California restaurant at the mall Monday. Experts say there's a good reason for letting the $6.
BUSINESS
November 4, 2009 | Times Wire Reports
Landry's Restaurants said its board had approved a $1.2-billion acquisition offer from a company owned by Chairman and Chief Executive Tilman J. Fertitta. The owner of Rainforest Cafe and other restaurants said Fertitta's company would pay $14.75 a share for Landry's stock it doesn't already own. Fertitta owned about 55.1% of the shares as of Monday. The offer is about a 37% premium over Landry's closing stock price of $10.76 on Monday. After the deal was announced, the company's shares shot up nearly 28%, or $2.93, to close at $13.69.
ENTERTAINMENT
August 6, 1998 | ANGELA PETTERA, SPECIAL TO THE TIMES
Goin' to the Shed: Suzanne Goin, the chef whose departure from Campanile in late April brought Mark Peel back into the kitchen after his six-month break to be with his kids, has found a place to call her own. She has taken possession of silent film star Harold Lloyd's old carriage house at 8474 Melrose Ave. Most recently it has been the Shed; now it's going to be called Lucques, after a speckled green olive grown in Provence.
BUSINESS
May 19, 1999 | E. Scott Reckard
Rainforest Cafe Inc. said Tuesday that it will locate its largest site yet, a 600-seat themed restaurant and retail outlet, at Downtown Disney, the entertainment-oriented mall that Walt Disney Co. will open in 2001 beside Disneyland. Hopkins, Minn.-based Rainforest, which opened its first restaurant in 1994, currently has 23 U.S. sites and licenses eight overseas.
BUSINESS
December 23, 1999 | Bloomberg News
Lakes Gaming Inc., operator of Louisiana's two largest casinos, said it will acquire Rainforest Cafe Inc. for $108 million in stock and will run the operator of 37 jungle-theme restaurants as a subsidiary. Rainforest Cafe shareholders would receive 0.55 share of Lakes Gaming common stock for every share they own. At Wednesday's closing prices, that would value Rainforest at $4.54 a share, a 21% premium for Rainforest shareholders.
BUSINESS
May 19, 1999 | E. Scott Reckard
Rainforest Cafe Inc. said Tuesday that it will locate its largest site yet, a 600-seat themed restaurant and retail outlet, at Downtown Disney, the entertainment-oriented mall that Walt Disney Co. will open in 2001 beside Disneyland. Hopkins, Minn.-based Rainforest, which opened its first restaurant in 1994, currently has 23 U.S. sites and licenses eight overseas.
ENTERTAINMENT
August 6, 1998 | ANGELA PETTERA, SPECIAL TO THE TIMES
Goin' to the Shed: Suzanne Goin, the chef whose departure from Campanile in late April brought Mark Peel back into the kitchen after his six-month break to be with his kids, has found a place to call her own. She has taken possession of silent film star Harold Lloyd's old carriage house at 8474 Melrose Ave. Most recently it has been the Shed; now it's going to be called Lucques, after a speckled green olive grown in Provence.
ENTERTAINMENT
October 30, 1997 | MAX JACOBSON, SPECIAL TO THE TIMES
If South Coast Plaza were a theme park (and it's pretty close), Rainforest Cafe would be an E ticket. This elaborately conceived restaurant, next to Sears, cost nearly $6 million to build, and it's quite a ride. When you check in at the concrete elephant that serves as a front podium, you get a "passport" and a cute, tropical-type code name--say, Gecko, Macaw or Alligator.
BUSINESS
June 7, 1997 | GREG JOHNSON, TIMES STAFF WRITER
Storefronts at South Coast Plaza in Costa Mesa might have reputations that stretch around the world, but the button-down shopping mall rarely allows a tenant's actual business to spill out into the common areas. The upscale shopping center is making an exception for Minnesota-based Rainforest Cafe, which will open its first Southern California restaurant at the mall Monday. Experts say there's a good reason for letting the $6.
BUSINESS
June 6, 1997 | GREG JOHNSON, TIMES STAFF WRITER
Storefronts at South Coast Plaza might have reputations that stretch around the world, but the button-down shopping mall rarely allows a tenant's actual business to spill out into the common areas. The upscale shopping center is making an exception for Minnesota-based Rainforest Cafe, which will officially open its first Southern California restaurant at the mall Monday. Experts say there's a good reason for letting the $6.
BUSINESS
April 15, 1997 | GREG JOHNSON
Rainforest Cafe, the self-described "Wild Place to Shop and Eat," will open June 8 at South Coast Plaza in Costa Mesa. The restaurant marks the first West Coast opening for the Minneapolis-based chain. What's different about Rainforest Cafe? The company says it has raised the blending of eating and shopping to a new art. Its Mall of America location, for example, has 12,300 square feet of dining space and 3,500 square feet of retail space.
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