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Ruby Tuesday (restaurant)
Ruby Tuesday Inc. is an American multinational foodservice retailer that owns, operates, and franchises Ruby Tuesday restaurants. The concept was started in 1972 by Samuel E. (Sandy) Beall III.
The corporation was formed in 1996 as a reincorporation of Morrison Restaurants Inc. It is headquartered in Maryville, Tennessee, and has 209 locations worldwide after closing 185 locations following the COVID-19 pandemic.
Its flagship brand is an American cuisine casual dining restaurant chain with locations throughout the United States aside from the Pacific Coast states. Its greatest density of sites is along the eastern coast of the United States (aside from Boston) as it closed several locations in the Great Basin and Great Plains regions, including Chicago, in recent years. In 2016, Ruby Tuesday sold the Lime Fresh Mexican Grill rights to an undisclosed buyer to refocus on the main Ruby Tuesday brand. The company has closed all locations of Wok Hay and Marlin and Ray's. Additionally, it holds development rights to Truffles Grill.
On June 6, 2012, founder and CEO Sandy Beall announced he would leave the company. In October 2017, it announced that NRD Capital Management (owners of Frisch's Big Boy and Fuzzy's Taco Shop at the time) would be taking the company private through a $146 million deal in early 2018.
The company filed for Chapter 11 bankruptcy on October 7, 2020, stating it will permanently close 185 restaurants that had been shut down during the COVID-19 pandemic. After the closures, the company would have 236 company-owned and operated locations and an undisclosed number of sites run by ten franchisee groups. Ruby Tuesday emerged from bankruptcy on February 24, 2021, with 209 restaurants, having closed more restaurants than initially planned. As of 2026, 187 locations remain in operation.
Ruby Tuesday was born out of a $10,000 endowment Sandy Beall had received from a friend and operator of several Pizza Huts to open his own restaurant.[citation needed] Beall took the name from The Rolling Stones song "Ruby Tuesday", after a suggestion by one of several fraternity brothers who were co-investors. With that money, and another $10,000 put together with four of his University of Tennessee fraternity brothers, the first Ruby Tuesday restaurant was opened in 1972. The location was adjacent to the university's Knoxville campus, and although the building still stands, the restaurant has since closed.
Over the next decade, a new location opened about every nine months. In April 1982, Beall sold the expanded 16-unit Ruby Tuesday chain to Morrison Inc. for $15 million in cash and stock. The sale provided the rapidly growing restaurant chain with additional financial support. It also saw Sandy Beall become president of a newly formed Specialty Restaurant Division spearheaded by Ruby Tuesday. By 1985, the chain had grown to operate 35 locations and was a significant contributor to the renewed success of Morrison's.
Morrison Inc. was renamed Morrison Restaurants Inc. in 1992 to reflect the importance of its restaurant investments. Additionally, the company realigned its dining division with a new name, the Ruby Tuesday Group. That same year, Beall was named CEO of Morrison Restaurants Inc. On March 9, 1996, the shareholders of Morrison's approved distribution and dissolved Morrison Restaurants Inc. into three separate companies: Ruby Tuesday Inc., Morrison Health Care Inc., and Morrison's Fresh Cooking Inc.
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Ruby Tuesday (restaurant)
Ruby Tuesday Inc. is an American multinational foodservice retailer that owns, operates, and franchises Ruby Tuesday restaurants. The concept was started in 1972 by Samuel E. (Sandy) Beall III.
The corporation was formed in 1996 as a reincorporation of Morrison Restaurants Inc. It is headquartered in Maryville, Tennessee, and has 209 locations worldwide after closing 185 locations following the COVID-19 pandemic.
Its flagship brand is an American cuisine casual dining restaurant chain with locations throughout the United States aside from the Pacific Coast states. Its greatest density of sites is along the eastern coast of the United States (aside from Boston) as it closed several locations in the Great Basin and Great Plains regions, including Chicago, in recent years. In 2016, Ruby Tuesday sold the Lime Fresh Mexican Grill rights to an undisclosed buyer to refocus on the main Ruby Tuesday brand. The company has closed all locations of Wok Hay and Marlin and Ray's. Additionally, it holds development rights to Truffles Grill.
On June 6, 2012, founder and CEO Sandy Beall announced he would leave the company. In October 2017, it announced that NRD Capital Management (owners of Frisch's Big Boy and Fuzzy's Taco Shop at the time) would be taking the company private through a $146 million deal in early 2018.
The company filed for Chapter 11 bankruptcy on October 7, 2020, stating it will permanently close 185 restaurants that had been shut down during the COVID-19 pandemic. After the closures, the company would have 236 company-owned and operated locations and an undisclosed number of sites run by ten franchisee groups. Ruby Tuesday emerged from bankruptcy on February 24, 2021, with 209 restaurants, having closed more restaurants than initially planned. As of 2026, 187 locations remain in operation.
Ruby Tuesday was born out of a $10,000 endowment Sandy Beall had received from a friend and operator of several Pizza Huts to open his own restaurant.[citation needed] Beall took the name from The Rolling Stones song "Ruby Tuesday", after a suggestion by one of several fraternity brothers who were co-investors. With that money, and another $10,000 put together with four of his University of Tennessee fraternity brothers, the first Ruby Tuesday restaurant was opened in 1972. The location was adjacent to the university's Knoxville campus, and although the building still stands, the restaurant has since closed.
Over the next decade, a new location opened about every nine months. In April 1982, Beall sold the expanded 16-unit Ruby Tuesday chain to Morrison Inc. for $15 million in cash and stock. The sale provided the rapidly growing restaurant chain with additional financial support. It also saw Sandy Beall become president of a newly formed Specialty Restaurant Division spearheaded by Ruby Tuesday. By 1985, the chain had grown to operate 35 locations and was a significant contributor to the renewed success of Morrison's.
Morrison Inc. was renamed Morrison Restaurants Inc. in 1992 to reflect the importance of its restaurant investments. Additionally, the company realigned its dining division with a new name, the Ruby Tuesday Group. That same year, Beall was named CEO of Morrison Restaurants Inc. On March 9, 1996, the shareholders of Morrison's approved distribution and dissolved Morrison Restaurants Inc. into three separate companies: Ruby Tuesday Inc., Morrison Health Care Inc., and Morrison's Fresh Cooking Inc.