ORLANDO Fla. Darden Restaurants Inc., owner of the Red Lobster and Olive Garden chains, sold $1.15 billion in debt to help repay the interim credit facility that was used to fund the company’s acquisition of Rare Hospitality International Inc....
MARYVILLE Tenn. Ruby Tuesday Inc. has purchased a controlling interest in a single-unit, fast-casual concept called Wok Hay Fresh Asian Diner, the casual-dining company revealed Thursday in its latest quarterly securities filing. The $1...
MARYVILLE Tenn. A month after acknowledging it had “underestimated the impact” of higher gas prices and general economic factors on consumer spending, Ruby Tuesday Inc. on Wednesday reported a 48.5-percent plunge in first-quarter profit from a...
Vacant stores, empty restaurants and desolate parking lots—that’s the fate that has befallen many older shopping malls in suburban areas that have been eclipsed by the advent of “lifestyle centers,” often resembling idyllic, small downtowns, with...