Restaurant chain Ruby Tuesday files for bankruptcy: USA Today

Ruby Tuesday, a restaurant chain that's backed by NRD Capital, has filed for Chapter 11 bankruptcy protection, reported USA Today.

Ruby Tuesday, a restaurant chain that’s backed by NRD Capital, has filed for Chapter 11 bankruptcy protection, reported USA Today. The news outlet cites the COVID-19 pandemic and other challenges as reasons for the court filing. Ruby Tuesday CEO Shawn Lederman said the company will permanently close 185 restaurants that had been shut doors during the coronavirus pandemic.

Source: USA Today