Ruby Tuesday to buy Lime Fresh for $24M

Ruby Tuesday to buy Lime Fresh for $24M

Ruby Tuesday Inc. has agreed to acquire the fast-casual Lime Fresh Mexican Grill chain for $24 million, but the casual-dining operator also plans to close up to 27 underperforming locations of its namesake brand in coming months.

The announcement Wednesday came during Ruby Tuesday’s Feb. 28-ended third quarter report, which officials said showed disappointing results with a 71-percent drop in profit, largely due to impairment charges from the planned closure of 25 to 27 restaura

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish