TGI Fridays files for bankruptcy protection after closure of dozens of restaurants in 2024 ...Middle East

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TGI Fridays files for bankruptcy protection after closure of dozens of restaurants in 2024
Restaurant chain TGI Fridays filed for bankruptcy protection Saturday, saying it is looking for ways to “ensure the long-term viability” of the casual dining brand after closing many of its branches this year. The Dallas-based company filed for Chapter 11 bankruptcy protection in a Texas federal court. TGI Fridays Executive Chairman Rohit Manocha in a statement said the “primary driver of our financial challenges resulted from COVID-19 and our capital structure.” Sit-down chain restaurants have more broadly faced challenges in recent years as diners choose to get food delivered or visit upscale fast food chains like Chipotle and Shake Shack. A U.S. bankruptcy judge in Septe

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