Ruby Tuesday continues its international expansion
Ruby Tuesday, Inc., a leading casual-dining restaurant franchise, has announced that it has signed new international franchise agreements for the development of its flagship brand in the Middle East and the United Kingdom. The company has, it says, also granted franchise rights for Wok Hay, an Asian-focused casual dining concept, in the Republic of Trinidad and Tobago and Chile.
“Ruby Tuesday’s international growth continues at a steady and reliable pace,” said Mark Ingram, President of Global PartnerShips, the company that manages Ruby Tuesday’s international and domestic franchise development. “We are excited to add new development territories to an existing franchise, sign an agreement for the first Ruby Tuesday in the U.K., and launch international franchising for Wok Hay. This growth proves there continues to be a high level of confidence in the brand and its performance,” he added.
For the first time in the company’s 37-year history, a Ruby Tuesday will open in the United Kingdom when development begins on the first phase of a franchise for Wales and Southwest England that will allow for five restaurant openings in four-and-a-half years.
Ruby Tuesday, Inc. has company-owned and/or franchise Ruby Tuesday brand restaurants in 46 states, the District of Columbia, Guam, and 13 foreign countries. As of September 1, 2009, the Company owned and operated 670 Ruby Tuesday restaurants, while domestic and international franchisees (including Hawaii) operated 171 and 55 restaurants, respectively. (kbp)