After 13 years of operation, Ruffhouse Records, the home to such big names as the Fugees, Kris Kross, and Cypress Hill, is closing shop.

Having recently celebrated a ten-year anniversary with its distributor, Columbia Records, Ruffhouse CEO Chris Schwartz and president Joe Nicolo have decided to retire the label and go their separate ways.

"We're both so personally attached to the name that we decided the best thing to do is to retire it," explained Schwartz in an official release.

Ruffhouse's most recent smash success was with Lauryn Hill's solo debut, "The Miseducation of Lauryn Hill," which earned five Grammy Awards and has sold some 5 million copies.

Many of the acts that were on Ruffhouse will now be handled directly through Sony Columbia. Nicolo says he is planning his own new label venture and added, "I'm sure everyone will be hearing great things from both Chris Schwartz and myself in the future."