Tuesday, March 14, 2017

Mired in slump, Ruby Tuesday weighs sale

Ruby Tuesday said late Monday that it was putting itself up for sale, as the casual dining industry's slump shows no signs of ebbing.

The Maryville, Tenn.-based company said it's considering "strategic alternatives," including a potential sale or merger.

The move was paired with an announcement that the company's sales at restaurants open at least a year tumbled about 4% in the period ended Feb. 28.. . . more

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