Ruby Tuesday Closes Over Coronavirus Lockdowns
Posted on 10/07/2020
Ruby Tuesday is an American casual diner. Ruby Tuesday filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. “This announcement does not mean ‘Goodbye, Ruby Tuesday,’” Chief Executive Officer Shawn Lederman said in a statement.
Ruby Tuesday revealed it reached an understanding with its lenders to support the restructuring.
Ruby Tuesday was a public company till 2017 when it was sold to private equity firm NRD Capital Management, LLC. NRD Capital is a private equity firm based in Atlanta founded by Aziz Hashim. Prior to NRD Capital, in 1996, Aziz founded NRD Holdings, a franchise development and holding company.
