Sunday, 03 November 2024 16:21

TGI Fridays Files for Bankruptcy

Written by Richard Swanson
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Long-standing restaurant chain TGI Fridays files for Chapter 11 bankruptcy in an effort to keep its locations open and maintain long-term viability.

The parent company of the U.S. restaurant chain TGI Fridays, filed for Chapter 11 bankruptcy in Texas. The move comes after several shakeups in its leadership and restaurant holdings signaled the imperiled nature of the company's finances.

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