Research depth
Outcomes researched
Reviewed operating findings or a classified operating outcome are available.
Record updated Sept. 4, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
What happened under and after ownership
Operating outcome
Operating through distress or restructuring
Filed Chapter 11 on October 7, 2020, citing COVID-19 impacts, and permanently closed 185 locations; emerged from bankruptcy on February 24, 2021, with 209 restaurants remaining.
Remains privately owned by NRD Capital Management, which took it private for about $335 million in December 2017; about 187 locations were operating as of 2026.
- Founded
- 1972
- Sponsor at closure
- NRD Capital Management
- Wikipedia · founded February 19, 1972; NRD Capital Management take-private deal closed December 21, 2017; October 7, 2020 Chapter 11 with 185 closures; emerged February 24,
- Nation's Restaurant News · 2017 · NRD Capital, described as an Atlanta-based private-equity firm founded in 2014 by Aziz Hashim, agreed to buy Ruby Tuesday for $2.40/share, valuing the 599-unit
- Nation's Restaurant News · 2017 · acquisition finalized December 20, 2017 after shareholder approval, at $2.40/share ($335 million), with a $115 million secured loan and $12.5 million revolver
What we do not know
These are gaps in the public record, not findings about the organization.
- No current public ownership assessment has been published.
Help improve this record
Firsthand experience, public sources and corrections can help close the gaps above.