Casual dining chain Ruby Tuesday, a well-known name in American dining, has filed for Chapter 11 bankruptcy to restructure its debt and address the financial challenges worsened by low customer turnout.
The chain, known for its signature salad bars and comfort food, has struggled with mounting debt and a shrinking customer base. Ruby Tuesday’s decision follows a series of restaurant closures and operational adjustments. With this filing, the company plans to stabilize its finances and explore strategic options to keep its restaurants running in a rapidly changing dining landscape.