Ruby Tuesday Getting Rid Of Fresh Lime Stores

(RTTNews) - Restaurant operator Ruby Tuesday Inc. (RT), has announced its plans to get rid of Lime Fresh Mexican Grill restaurants, as the struggling company aims to focus more on its core brand.

Maryville, Tennessee-based Ruby Tuesday plans to close 11 Lime Fresh Mexican Grill locations and sell the rest of the eight to Rubio's Restaurants for $6.3 million.

The company expects to complete the deal by January 2016, and will operate the eight locations until it closes.

CEO JJ Buettgen said, "As we consider Ruby Tuesday's future, we believe it is in our shareholders' best interest that we exclusively operate our namesake brand restaurants."