Ruby Tuesday files for bankruptcy
Courtesy Ruby Tuesday (Copyright by WSLS - All rights reserved)
Ruby Tuesday has filed for Chapter 11 bankruptcy protection, overcome by the financial pressures brought on by the pandemic, CNN Business reports .
“This announcement does not mean ‘Goodbye, Ruby Tuesday,’” said CEO Shawn Lederman in a statement. “Today’s actions will allow us an opportunity to reposition the company for long-term stability as we recover from the unprecedented impact of Covid-19.”
Ruby Tuesday has closed roughly 200 locations within the past few years.
To read more, click here .
Copyright 2020 by WJXT News4Jax - All rights reserved.
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