Yet another chain is seeking bankruptcy protection after the pandemic decimated its business.
The restaurant chain Ruby Tuesday filed for chapter 11 bankruptcy Wednesday, introducing with it plans to close 185 locations, USA Today reports. The filing will leave the franchise with 236 operating restaurants.
The company hopes to stay in business, saying in a statement that it had “reached an understanding with its secured lenders to support its restructuring.”
Sit-down restaurants have been battered by a pandemic that shut down restaurants completely, putting a halt to indoor dining for months in some areas.
Source: [USA Today] — Sasha Jones