TGI Fridays files for bankruptcy; restaurants remain open amid restructuring

By USA Today | Nov 2, 2024 at 03:15 PM EST

TGI Fridays has filed for Chapter 11 bankruptcy due to financial challenges exacerbated by COVID-19. The company plans to restructure, with 39 U.S. locations remaining open. TGI Fridays Franchisor, LLC, owns other locations and will provide support during the transition.

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