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The concept was started in 1972 by Samuel E. In 2016, Ruby Tuesday sold the rights to the Lime Fresh Mexican Grill to an undisclosed buyer in an attempt to refocus on the main Ruby Tuesday brand. The company has closed all locations of Wok Hay and Marlin and Ray’s. Additionally, they hold development rights to Truffles Grill. On June 6, 2012, founder and CEO Sandy Beall announced he would be leaving the company. 146 million deal in early 2018.
Ruby Tuesday restaurant was opened in 1972. Over the subsequent decade, Ruby Tuesday extended their footprint with a new location opening about every nine months. 15 million in cash and stock. The sale provided the rapidly growing restaurant chain with additional financial support. It also saw Sandy 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 major contributor to the renewed success of Morrison’s. 1992 to reflect the importance of their restaurant investments.
Additionally, the company realigned their dining division with a new name, the Ruby Tuesday Group. That same year, Sandy was named CEO of Morrison Restaurants Inc. On March 9, 1996, the shareholders of Morrison’s approved a distribution and dissolved Morrison Restaurants Inc. At the time of the distribution, Ruby Tuesday Inc. N Seafood Grill, Mozzarella’s Café, Silver Spoon Café, and Tia’s Tex-Mex. In November 2000, Ruby Tuesday Inc. On April 12, 2007, Ruby Tuesday Inc.
The main entrance of Ruby Tuesday Inc. In August 2007, Ruby Tuesday Inc. Asian dining restaurant, Wok Hay. In October 2008, a second location was opened in a former Ruby Tuesday restaurant building. In September 2010, Ruby Tuesday Inc. Lime Fresh Mexican Grill brand. As of 2011, the company was researching conversion of poorly performing Ruby Tuesday restaurants into some of these concepts.