National Restaurant Chain Ruby Tuesday Files for Chapter 11

On October 7, Ruby Tuesday, Inc. announced its filing of a voluntary petition for reorganization. 

Founded in 1972, the Knoxville, TN-based company specializes in American and international casual dining. The brand owns, operates, and franchises locations in multiple states of the U.S., Guam, and five other countries.    

Court documents that The Buttonwood Tree has obtained name RTI Holding Company, LLC as the debtor. Additionally, the documents enlist almost 50 affiliated debtors.    

Ruby Tuesday became part of NRD Capital, an Atlanta-based private equity firm, in 2017 as a result of an acquisition. NRD Capital invests in multiple restaurant chains and businesses in other industries.

All current operations of Ruby Tuesday remain ...

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