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Ruby Tuesday files for bankruptcy amid COVID-19 pandemic

Ruby Tuesday files for bankruptcy amid COVID-19 pandemic

Ruby Tuesday files for bankruptcy By (Gray News) - Restaurant chain Ruby Tuesday has announced it as a result of the impacts of the COVID-19 pandemic. The company plans to keep its reopened locations operational as it goes through the bankruptcy process, but it will permanently close 185 locations that shut down due to coronavirus guidelines. “This announcement does not mean ‘Goodbye, Ruby Tuesday.’” CEO Shawn Lederman said. “Our restructuring demonstrates a commitment to Ruby Tuesday’s future viability as we work to preserve thousands of team member jobs.” Most of the casual dining chain’s...

October 7, 2020
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