TGI Friday's operator files for bankruptcy amid financial woes

By Yahoo! Finance | Nov 2, 2024 at 03:44 PM EST

American casual dining chain TGI Fridays has filed for Chapter 11 bankruptcy due to financial challenges exacerbated by the pandemic and a failed deal with Hostmore. The company plans to restructure and continue operations at its corporate-owned locations in the U.S. while maintaining franchised locations globally.

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