Landry’s to acquire Mitchell’s Fish Markets for $10M

Landry’s to acquire Mitchell’s Fish Markets for $10M

Owner Ruth’s Hospitality Group to focus on its core steakhouse concept

Ruth’s Hospitality Group Inc. has reached an agreement to sell its Mitchell’s restaurants to Landry’s Inc. for $10 million, significantly less than the $92 million Ruth’s paid for the concept, Winter Park, Fla.-based Ruth’s said Monday.

The deal includes 18 Mitchell’s Fish Market locations and three Cameron’s Steakhouse units. The sale is expected to close within 75 days, and enables Ruth’s to concentrate on one concept, Ruth’s Chris Steak House. In addition to the sale, Ruth’s

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