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Rax Roast Beef is a regional U.S. fast food restaurant chain specializing in roast beef sandwiches. The company has been through many iterations, declaring bankruptcy more than once, rising to as many as 504 locations in 38 U.S. states in the 1980s and falling to fewer than 20 locations on more than one occasion.
Iowa Beef Processors, Inc., later became IBP, Inc. Occidental Petroleum owned IBP from 1981 to 1987, and was the majority owner from 1987 to 1991. [2] [3] [a] IBP was acquired by Tyson Foods in 2001 for US$3.2 billion in cash and stock. [8] Tyson continues to use the IBP name as a brand for its commodity beef and pork products. [9]
As of June 2009, about 2.9% of carcasses grade as Prime. [2] Choice is the most common grade sold in retail outlets, and represents roughly half of all graded beef. Select is sold as a cheaper, leaner option in many stores and is the lowest grade typically found for consumer purchase as a steak.
They landed on freshly sliced roast beef sandwiches. Arby's slogan, "We have the meats," still holds, as the sandwich shop serves an array of meat, including roast beef, turkey, brisket, and ...
Founded in 1966, it achieved major success in the 1970s and 1980s before declaring Chapter 7 bankruptcy proceeding and closing its remaining 58 locations on July 29, 2008. [1] The first new Steak and Ale restaurant since then opened on July 8, 2024, in Burnsville, Minnesota, with more planned for the Midwest and Texas. [2] [3]
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