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Ruby Tuesday was born out of a $10,000 endowment Sandy Beall had received from a friend and operator of several Pizza Huts to open his own restaurant. [citation needed] Beall took the name from The Rolling Stones song "Ruby Tuesday", after a suggestion by one of several fraternity brothers who were co-investors. [11]
Specialty Restaurant Group was created in 2000, when a group of investors bought the four restaurant chains from Ruby Tuesday. The investors, who were former employees of Ruby Tuesday, included the company's current CEO, James CarMichael, who is credited with having led the buyout from Ruby Tuesday.
There are 778 Ruby Tuesday locations out there, and it's going to take more than one money-losing year to collapse that empire. However, there aren't many chains that have posted double-digit ...
As anchor department stores left malls, so did some name-brand chains like Ruby Tuesday, Chili’s, Applebee’s and others. ... TGI Fridays announced earlier this year it would close 36 lower ...
Tia's Tex-Mex was a chain of Tex-Mex themed casual dining restaurants founded in Lubbock, Texas in the 1970s that grew to encompass 25 locations in 7 states, half of which were located in Texas. [ 1 ] [ 2 ] Owned for several years by Ruby Tuesday , the chain was sold in 2000 to Specialty Restaurant Group and again in 2004 to Maplewood Partners ...
Ruby Tuesday is in a bad spot. Shares of the casual dining chain hit a new 52-week low this week. Last week it put out poorly received financials with comps at company-owned restaurants plunging ...
Further expansion plans include space for an additional anchor store outside the former Goody's. However, with the slowing economy it is not expected that a new anchor would be announced for some time. The former Ruby Tuesday location was combined with vacant neighboring space to make room for a new Charming Charlie store that opened early 2011.
On March 1, 2022, Ruby Tuesday was replaced with Longhorn Steakhouse. On November 28, 2017, it was announced that Elder-Beerman would be closing on January 31, 2018. [ 5 ] A 20,000 square foot portion of the store will be converted to the first H&M store in West Virginia.