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Ruby Tuesday, hit by COVID closures, files for bankruptcy
Read full article: Ruby Tuesday, hit by COVID closures, files for bankruptcyRuby Tuesday is filing for bankruptcy protection, the latest casual restaurant chain to suffer from coronavirus-related closures and changing consumer habits. The Maryville, Tennessee-based company, which was founded in 1972, said on Wednesday that its restaurants will remain open throughout the bankruptcy process. Ruby Tuesday has 250 company-owned and franchised restaurants in the U.S., Canada and nine other countries, including Hong Kong, Chile and Kuwait. Even before the virus hit, sit-down restaurants were struggling as more consumers opted for delivery and carryout. Los Angeles-based California Pizza Kitchen filed for bankruptcy protection in July, while the parent company of the Chuck E. Cheese pizza and entertainment chain filed for bankruptcy in June.