HEATHROW Fla. Ruth's Chris Steak House Inc. is set to become Ruth's Hospitality Group Inc. on May 28 following shareholders’ approval of the new name at their annual meeting on Thursday.
The company said the name change reflects its more diverse restaurant holdings after the acquisition earlier this year of the 19-unit Mitchell’s Fish Market from Columbus, Ohio-based Cameron Mitchell Restaurants. The $92 million deal also included one Cameron's Steakhouse and two Mitchell's Steakhouses.
Ruth's first announced its intention to change names in a March filing with federal regulators.
"Our new corporate name continues to connect us with the legacy of our founder, Ruth Fertel, while recognizing our broader brand strategy," said chairman Robin Selati in a statement on Thursday. "Under our corporate identity, we now have two sector-leading restaurant concepts and our primary focus will be the successful execution of our operational and growth strategies."
In addition to the Mitchell's restaurants, Ruth's operates or franchises 119 Ruth's Chris Steak Houses.