Restaurant Chains Feast On Millions From PPP Program
PYMNTS
APRIL 19, 2020
The hospitality group behind Ruth’s Chris Steak House — operator or franchiser of 159 restaurants — showed a profit of $42 million on $468 million in revenue in 2019 and a workforce topping 5,000, according to The Wall Street Journal. The PPP launched on April 3 and ran out of money on April 16. million and got $10 million. told Politico.
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