Maryville-based Ruby Tuesday is reportedly looking for a buyer.
DebtWire, a service that reports on corporate debt situations, says the casual dining chain has hired Goldman Sachs to explore "strategic alternatives."
The chain is expected to seek a leveraged buyout.
Ruby Tuesday has reported losses recently.
Last month, the company cut 50 jobs at is headquarters in Maryville. The CEO said then, the cuts were necessary for restructuring.
10News has reached out to Ruby Tuesday for comment, but we have not yet received a response.