Oct 7, 2020 - Economy & Business

Ruby Tuesday files for Chapter 11 bankruptcy

Illustration: Sarah Grillo/Axios

Illustration: Sarah Grillo/Axios

Ruby Tuesday, a casual restaurant chain owned by NRD Capital Management, filed for Chapter 11 bankruptcy protection.

Why it matters: It highlights how restaurants continue to be in crisis, with little federal help on the horizon. Not just casual chains like Ruby Tuesday, which was already struggling pre-pandemic, but also independent joints that had been hoping for help via a federal stimulus that President Trump just bailed on.

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