ORLANDO (WATE) – Could it be the end for Maryville-based chain Ruby Tuesday’s headquarters in Tennessee?
Monday, Florida Governor Rick Scott announced that Ruby Tuesday, Inc. will open a new regional office in Orlando. The move is expected to create 45 jobs and a capital investment of $250,000.
JJ Buettgen, Chairman, President and Chief Executive Officer of Ruby Tuesday said, “The new regional office will serve as a great complement to our Restaurant Support Center in Tennessee, allowing us to continue focusing on our brand transformation efforts.” However, in February, a report by the Orland Business Journal indicated that the chain was considering moving its corporate/regional headquarters to Orlando.
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Founded in 1972, Ruby Tuesday has more than 40,000 company and franchise team members. However, in recent years the company has had to close restaurants and layoff staff.
The company reported that it sustained $34 million in losses in the last quarter of 2013 and were forced to close 30 restaurants. In November and December of 2013 the company laid-off several employees. In December, the company hired Goldman Sachs to evaluate strategic alternatives.
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