Follow Us

Ruby Tuesday Files for Bankruptcy Under Strain From Coronavirus

Ruby Tuesday Files for Bankruptcy Under Strain From Coronavirus

[ad_1]

Ruby Tuesday Inc. filed for bankruptcy protection with plans to permanently close about 45% of its company-owned locations because of fallout from the coronavirus pandemic and continued pressure on the casual-dining sector.

Founded in 1972, the privately owned Maryville, Tenn.-based business has been struggling since at least 2017, but said the pandemic has exacerbated its problems. The company received a $10 million loan through the federal government’s coronavirus-relief package and said in court papers that it estimates…

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

− 8 = 1

%d bloggers like this: