“Bankruptcy Update: Ruby Tuesday Files Chapter 11 While Progress Slows For JCPenney”
December 7, 2020
“Casual food chain Ruby Tuesday filed for Chapter 11 protection on Wednesday. The Tennessee-based company became just the latest in a string of major brands to file for bankruptcy in 2020 — a year where virtually every type of brick-and-mortar business suffered due to the coronavirus pandemic.
Just last month, Sizzler filed for Chapter 11 bankruptcy.
J.C. Penney Co. Inc. (OTC: JCPNQ) will likely close 144 stores as the troubled retailer works toward a sale to two of the country’s largest mall owners: Simon Property Group and Brookfield Property Partners. Per RetailDive.com, progress on the deal has slowed…”
https://finance.yahoo.com/news/bankruptcy-ruby-tuesday-files-chapter-020635815.html
Do note this article is a little old.