Wednesday, March 29, 2017

Ruby Tuesday gets interesting new investor

Ruby Tuesday Inc said it would close 11 Lime Fresh restaurants after reporting a 42 million loss in the first quarter ended Sept 1On Friday, Leon Capital Group announced through federal securities filings that it had made a 9.5-percent investment in Ruby Tuesday Inc. The filing was activist in nature, meaning that Leon Capital plans to hold talks with the company’s management.

Here’s the kicker: Leon Capital is not an activist investor. It is an investment fund that focuses on — wait for it — real estate.. . . more

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