MARYVILLE, Tenn.--(BUSINESS WIRE)--Mar. 12, 2009--
Although, due to the economic climate, there may be fewer new eating
places in the U.S., there is one part of the world where the picture is
different: the Middle East, where well-known American brands are
appearing on new restaurants that quickly fill with satisfied guests.
And with the recent signing of a new franchise agreement for the nation
of Qatar, one iconic American brand, Ruby Tuesday, is continuing to grow
in the region, too. Global Brands Qatar, the company’s newest
international franchisee, plans to develop and operate three Ruby
Tuesdays, primarily in the city of Doha, over the next five years. This
agreement will bring the total number of Ruby Tuesdays to be developed
in the Middle East to approximately 45-50 including locations in Saudi
Arabia, UAE, Kuwait, Egypt, Lebanon, Bahrain, Oman and Jordan.
“We are extremely proud to welcome Global Brands Qatar to Ruby Tuesday’s
expanding international franchise community,” said Mark Ingram,
President Global PartnerShips Inc., who directs Ruby Tuesday’s franchise
development initiatives around the world. “The franchise partners in the
Middle East tell us they are very satisfied with the success of the Ruby
Tuesday Brand and the return on their investment,” he added.
Ruby Tuesday officials say that guests in the Arab States, a part of the
world far removed from the U.S. cities and suburbs where the brand was
started and where it has grown to more than 800 locations, love the
handcrafted burgers, steak, seafood, and chicken entrees, shareable
appetizers, and garden-fresh salad bar. And in a culture where the
public consumption of alcohol is traditionally a taboo, the Qatar Ruby
Tuesdays, like all the others, will serve “Zero Proof” drinks that are
full of flavor but devoid of alcohol.
“While domestic growth has flattened out for most casual-dining brands,
there is still opportunity for franchise development in the United
States, and there is tremendous opportunity for growth in other
countries,” Mr. Ingram said. “Strong restaurant concepts, like Ruby
Tuesday, are great foodservice exports. We continue to create
partnerships with franchisees, and there are a number of international
countries available for future development that we believe will be as
successful for the Ruby Tuesday brand as the Middle East continues to
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, 14 foreign countries, and Puerto Rico.
Ruby Tuesday, Inc. is traded on the New York Stock Exchange (NYSE: RT).
More information about the company may be found at www.rubytuesday.com
or call (865) 379-5739.
Source: Ruby Tuesday, Inc.
Ruby Tuesday, Inc.
Rick Johnson, 865-379-5700