TGI Friday’s shares ‘long-term’ plan after filing for bankruptcy and closing over 100 stores in past year ...Middle East

TGI Fridays filed for bankruptcy on Saturday but reassured customers there are definitive plans for the future. The restaurant chain has struggled for some time, closing more than 100 locations over the past year. GettyTGI Fridays filed for bankruptcy protection on Saturday[/caption] GettyThe filing comes after sales struggles in the past few years (stock image)[/caption] Rohit Manocha, TGI Fridays’ executive chairman, cited the height of the coronavirus pandemic in 2020 as the “primary driver of our financial challenges,” per Chapter 11 filing

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