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|New Ruby Tuesday Franchisee to Open Restaurants In Cairo|
MARYVILLE, Tenn.--(BUSINESS WIRE)--Sept. 7, 2007--Ruby Tuesday, Inc., one of the nation's leading high-quality casual dining restaurant companies, today announced that its new international franchisee, United Food and Beverage Company, will develop and operate six Ruby Tuesday restaurants in Cairo, Egypt, over the next four years in high-profile locations near the Nile River.
"This agreement with another of our valued international franchisees provides continuing growth opportunities for our global brand," said Mark Ingram, President of Franchise Development for Ruby Tuesday. "Over the past year, we have been fortunate to increase our presence in the Middle East through several new franchise agreements, and we anticipate more in the near future," he added.
United Food and Beverage has a multi-year track record of developing American brands in Egypt and extensive experience in the hospitality industry.
This latest franchise growth is an indication of the popularity of the Ruby Tuesday brand in the Middle East. There are now Ruby Tuesday restaurants in Saudi Arabia, Kuwait, Dubai and Egypt. The company has been expanding its franchise presence around the world during the past several years and continues to aggressively seek franchising opportunities both in the United States and abroad.
About Ruby Tuesday
Ruby Tuesday was founded more than 35 years ago, when current Chairman and CEO Sandy Beall opened the first restaurant near the University of Tennessee in Knoxville in 1972. Since then, the company has grown to over 900 company-owned and franchised restaurants in 45 states, the District of Columbia, 13 foreign countries, and Puerto Rico. Ruby Tuesday, Inc. is traded on the New York Stock Exchange (NYSE: RT). More information about the company can be found at www.rubytuesday.com or call (865) 379-5739.
CONTACT: Ruby Tuesday, Inc.