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
source : NBC Chicago ( Middle East ) () 71
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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