Agreement Brings Four New Restaurants to Beijing and Shanghai
ORLANDO, Fla.–(BUSINESS WIRE)–Jan. 30, 2013– Ruth’s Hospitality Group, Inc. (NASDAQ: RUTH), a leading international restaurant company, today announced that it has signed an agreement with Ko China Hospitality Limited, a subsidiary of longtime Ruth’s Chris Steak House franchisee-owner restaurant group Hasmore Limited, for the development of four new Ruth’s Chris Steak House locations to be opened in China over the next three years. The new restaurants planned for Shanghai and Beijing are the first in China for the upscale dining leader.
“We are very pleased to continue our relationship with Hasmore Limited to develop and grow our brand’s regional footprint in Asia,” said Michael P. O’Donnell, Chairman, President and Chief Executive Officer of Ruth’s Hospitality Group, Inc. “This significant development builds upon our partnership’s success in Japan, Hong Kong, Taiwan and Singapore, and we look forward to debuting the Ruth’s Chris experience to new guests in China this year.”
Ruth’s Chris Steak House, founded in New Orleans, Louisiana USA nearly 50 years ago, offers a comfortable yet elegant atmosphere in which to enjoy celebrations with family and friends or important meetings with colleagues or clients. Today, the brand is an upscale dining leader across the globe with restaurants in 10 countries and territories, including Puerto Rico, Mexico, Canada, Taiwan, Japan, Hong Kong, Dubai, Aruba, El Salvador and Singapore. New guests in China will soon be able to enjoy the finest steaks, New Orleans-inspired appetizers, and classic desserts, all complemented by an award-winning wine list and handcrafted cocktails. The first Ruth’s Chris Steak House location in China will open in Shanghai by the end of 2013.
About Ruth’s Chris Steak House
Ruth’s Chris Steak House is the largest upscale steak house company in the world, with over 130 restaurant locations around the globe. Founded in New Orleans, Louisiana USA by Ruth Fertel in 1965, Ruth’s Chris specializes in USDA Prime grade steaks served in Ruth’s Chris signature fashion … “sizzling.” For more information, please visit, www.ruthschris.com
About Ruth’s Hospitality Group
Ruth’s Hospitality Group, Inc. (NASDAQ: RUTH) is a leading restaurant company focused on the upscale dining segment. The Company owns the Ruth’s Chris Steak House, Mitchell’s Fish Market, Mitchell’s Steakhouse and Cameron’s Steak house concepts. With more than 150 company- and franchisee-owned locations worldwide, Ruth’s Hospitality Group was founded in 1965 and is headquartered in Winter Park, Florida.
Source: Ruth’s Hospitality Group, Inc.