Ruth's Hospitality Group, Inc (RUTH) Continues to Sizzle with a New Corporate Name
Today marks the corporate name change of Ruth's Chris Steak House to Ruth's Hospitality Group, Inc. The new name is designed to reflect the expanded focus of the business within the upscale dining sector. This name change was necessary because of the acquisition of 19 Mitchell's/Columbus Fish Markets and three Mitchell's/Cameron's branded steakhouses. These acquisitions provide Ruth's the opportunity to broaden their market share in the high-end restaurant market. Ruth's Hospitality group began in 1965 when Ruth Fertel purchased a small restaurant at the corner of Broad and Ursuline streets in New Orleans. She did this by mortgaging her home…