Houston billionaire Tilman Fertitta acquires storied steakhouse chain


In a move that further cements his reign as America’s most prominent restaurateur, Houston’s Tilman Fertitta announced that his company, Landry’s Inc., has agreed to purchase the storied Palm steakhouse chain. The deal was made public on Friday, February 21 and is worth $50 million “plus assumption of certain liabilities and working capital,” according to Landry’s. “The transaction will not close until there is final court approval,” said Landry’s general counsel, Steven L. Scheinthal, in…

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