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16.10.2017 15:55:37

Goodbye, Ruby Tuesday

After posting yet another dismal quarterly report, with 15.3-percent annual revenue declines and accelerating comps deterioration, Ruby Tuesday, Inc. (NYSE: RT) announced Monday its sale to NRD Capital for a total enterprise value of $335 million."NRD Capital has a distinguished track record of achieving and maintaining profitable growth for restaurant concepts and will be an excellent partner to lead Ruby Tuesday going forward,” Stephen Sadove, non-executive chairman of Ruby Tuesday, said in a press release.The agreement includes NRD’s acquisition of all common stock ...Full story available on Benzinga.com
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