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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]
Many quick-service restaurants like McDonald’s and Chick-fil-A have closed mall locations. TGI Fridays announced earlier this year it would close 36 lower-performing locations in 12 states ...
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.
Because of this, Morrison's decided to split the company into three new firms: Morrison's Fresh Cooking, the cafeteria chain; Ruby Tuesday, Inc., which also included the other casual dining concepts; and Morrison Health Care, which took over the food contracts for hospitals (the educational and business contracts had been previously sold to a ...
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It was first named Tuesday's (no affiliation with Ruby Tuesday's). It was acquired by the Campbell Soup Company and renamed Annabelle's in 1983. In April 1988, Campbell decided to exit the restaurant industry and sold Annabelle's along with a sister concept, H.T. McDoogal's, for an undisclosed amount to Cavendish Capital Corporation of New York.
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In March 2018, the Ruby Tuesday restaurant at the front of the mall shuttered its location. [6] On April 18, 2018, it was announced that Elder-Beerman would be closing all of their stores after the parent company, Bon-Ton, filed for bankruptcy.