Ruby Tuesday reverses its upscaling tack, buys Wok Hay fast-casual unit

Ruby Tuesday reverses its upscaling tack, buys Wok Hay fast-casual unit

MARYVILLE TENN. Ruby Tuesday Inc. is adding a new tactic: value. In addition, the company revealed it had purchased a controlling interest in a single-unit, fast-casual concept, Wok Hay Fresh Asian Diner, for research purposes and possible development. —After posting a 48.5-percent plunge in profit in its most recent quarter despite a two-year effort to drive sales with upgraded

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